Grazing, Interest Rates & Plant-Based Beverages

MID-WEST FARM REPORT - MADISON

Nov 14 2022 • 49 mins

What are the benefits of grazing livestock? When will interest rates come back down? Will plant-based beverages win out over fluid milk? We cover it all on a Monday morning.

Extension Specialist Randy Jackson says Wisconsin is making an effort to increase grazing. Grassland 2.0 underscores the importance of grazing and grasslands to ensure clean water and a desirable landscape. They're working on how to make it more productive or attractive to farmers.

Interest rates are a pain point, especially for shorter-term loans, but lenders say it won't get as bad as it was during the farm crisis 30 to 40 years ago. Wisconsin Bankers Association Ag Lending Board Chair Darla Sikora says she's noticed that loans to expand the farm, particularly on dairies, have slowed. Farmers have been keener on paying off debts with extra monies.

We're seeing more and more non-dairy beverages in stores. John Lucey, director of the Center for Dairy Research joins Mid-West Farm Report courtesy of Dairy Farmers of Wisconsin. He says dairy is using its resources, like the Center, to develop innovative products to stay ahead of consumer trends. He doesn't anticipate dairy-based drinks (coffees, protein shakes, etc.) to overrun fluid milk.

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