Business

2014 projected to be record year for milk prices

By Lisa Rathke
Published June 15, 2014 2:10pm ET
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2014 projected to be record year for milk prices
FILE - In this Feb. 11, 2009 file photo, a shopper looks over the milk aisle at the Hunger Mountain Co-op in Montpelier, Vt. Vermont dairy farmers were paid a record high price for their milk in April 2014 and prices remain strong, driven in part by international demand for U.S. dairy products. The extra income is allowing farmers to pay off debt, repair equipment and make other investments, following challenging years in 2009 and 2012. | (AP Photo/Toby Talbot, File)

MONTPELIER, Vt. (AP) — Vermont dairy farmers were paid a record high price for their milk in April and prices remain strong, driven in part by international demand for U.S. dairy products. The extra income is allowing farmers to pay off debt, repair equipment and make other investments, following challenging years in 2012 and 2009.

“We have some catching up to do,” said Jacques Parent of Parent Family Farm in Highgate.

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Agriculture