June 25, 2021, 6:00 am During the Alltech ONE event, Dr. Torsten Hemme, the CEO and founder of the International Farm Comparison Network (IFCN) – gave a presentation on current global milk production and market trends. He also spoke about the prices farmers can expect in 2021 and opportunities that exist in the global milk trade. Dairy story Dr. Hemme began by outlining the current dairy trends and production, he stated that: ”On average, a person is consuming 0.3L per day or 118kg of milk/person/year and that annually, dairy products are consumed by over seven billion people. “There are currently 121 million dairy farms globally, with an average of three cows/farm with an average production of 2.5t/cow/year.”