The dairy industry is gearing up for another dairy buyout, says Farm Futures. Did you participate in the first buyout? Are you planning on selling your cows in this upcoming buyout? Unfortunately, I fear more producers will exit the business this year. What do you think about these buyouts? How many of your neighbors have exited?

Cooperatives Working Together has announced details of its second herd reduction program this year aimed at reducing milk production and boosting prices. CWT spokesman Jim Tillison says the organization will accept as many bids as they can get at $5.25 per hundredweight or below. The reduction is limited to the program’s available budget, which has not been announced. The deadline for bids is July 24.

The first herd reduction was the largest dairy herd retirement program ever conducted, with 101,040 cows removed from production in 41 states. Those cows produced almost two billion pounds of milk.