While milk production in the US continues to increase, the number of dairy farms continues to decline, but at an ever-increasing rate.

Between 2018 and 2019, almost 9% of dairy farmers ceased milk production and almost 7% ceased the year previously. That means almost one in five farmers who milked cows in 2017 were not milking cows in 2019. Between 2002 and 2017, the average rate of exit from milk production was 4%, but this has doubled in the last two years and 2020 looks to be another record year for dairy dispersal sales.