Tariffs will cost U.S. dairy farmers $1.5B this year

A study by Informa Economics found retaliatory tariffs by China and Mexico will reduce U.S. dairy farmer revenue by $1.5 billion in 2018 and $3 billion in 2019 if they remain in place.While U.S. dairy producers appreciate USDA’s plan to purchase dairy products and increase funding to develop foreign markets in its tariff-mitigation strategy, they say the agency’s plan to distribute $127 million in direct payments to dairy producers falls far short of what’s needed.