Connections - October 2009 - 8

Passionate Calling Farmers aren’t only losing on the milk prices; they’re also losing the value of their cattle. By Hershey’s account, heifers aren’t worth as much as they have been in previous years. He said last year’s cows fetched $1,800 a piece. This year, they’re only worth around $1,200. The decrease in value strains farmers who want to cash out. “When the equity of the cattle is low, the bank forces them to hold onto it in hopes that the price of cattle will go back up,” said Hershey. This compounds the aforementioned problem of low milk prices. There’s a global surplus of milk that drives down profits for farmers. “A lot of things go into the price of milk. It rises and falls, sometimes with little explanation,” said Hershey. “In my opinion, it has a lot to do with the fact that the banks are making farmers hold onto the cows until their value raises. It’s supply and demand. There’s too much milk nationally. Once farmers start selling out, I think the price will rise rapidly.” Again, it’s Hershey’s positive and often pragmatic perspective that enables him to believe that despite the low price of let us know what you think Yates CountY Chamber of CommerCe 2375 route 14a Penn Yan, nY 14527 Phone: 315-536-3111 fax: 315-536-3791 email: info@yatesny.com Website: http://yatesny.com/ 8 | Connections | August 2009

Connections - October 2009

Table of Contents for the Digital Edition of Connections - October 2009

Connections - October 2009
Letter from the Editor
Table of Contents
Passionate Calling
The Bottom Dollar
Spice of Life
Member Directory
Subscribe
Connections - October 2009 - Connections - October 2009
Connections - October 2009 - Letter from the Editor
Connections - October 2009 - Welcome
Connections - October 2009 - Subscribe
Connections - October 2009 - Table of Contents
Connections - October 2009 - Passionate Calling
Connections - October 2009 - 5
Connections - October 2009 - 6
Connections - October 2009 - 7
Connections - October 2009 - 8
Connections - October 2009 - 9
Connections - October 2009 - 10
Connections - October 2009 - 11
Connections - October 2009 - The Bottom Dollar
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Connections - October 2009 - Spice of Life
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Connections - October 2009 - Member Directory
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