Posted 12/17/2023, 1:02:00 AM
Plummeting Calf Prices Drive Hokkaido Dairy Farmers Out of Business Amid Mounting Food Security Concerns
- Average price of calves auctioned in Hokkaido dropped 60% from 5 years earlier to just over 50,000 yen in October
- One dairy farmer in Hokkaido goes out of business every 2 days due to collapsing calve prices & skyrocketing feed prices
- Dairy farmers losing money every time a new calve is born due to unprecedented changes in prices
- Japan relies heavily on imported feed grain, facing constant geopolitical risks to food security
- Climate change & viral infections could amplify risks of global food supply disruptions