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B812: Dairy Farmer Indebtedness In Maine, Wayne L. Thurston, George K. Criner, Ralph A. Reeb
B812: Dairy Farmer Indebtedness In Maine, Wayne L. Thurston, George K. Criner, Ralph A. Reeb
Bulletins
The dairy industry in Maine is an important contributor to the agricultural sector and general economy. In 1982 there were 750 employees processing dairy products in Maine drawing a 12 million dollar payroll (Maine Bureau of Labor). The 1983 farm-gate value of milk produced in Maine totaled 108 million dollars, higher than any other single commodity's farm-gate value (Maine Department of Agriculture, Food and Rural Resources). For the past several years the farm level price of milk has remained fairly steady while production costs inflated. This "price-cost" squeeze worsened in 1983 with a 50 cent per hundredweight decrease in the …