摘要：Early 2000 news of the dairy industry has been dominated by discussion of low farm milk prices. However, the really remarkable aspect is not the low prices--but how difficult it was to bring them tothis level. During 1998-99, milk production rose more than 4 percent. Yet, milk prices were recordsin 1998 and well above the decade's average last year. Only the output jumps of late 1999 were largeenough to drop prices sharply. The race between expanding milk production and exceptional demandgrowth is not yet over, although milk production is the heavy favorite for 2000.
