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“PPDs” had become a four-letter word in dairy farmers’ lexicon when negative producer price differentials (PPDs) exploded onto the scene in June 2020 at the onset of the COVID-19 pandemic.
It is unlikely to come as news to readers that beverage milk consumption has been declining in recent decades.
Since the 2018 farm bill, the price for Class I milk, i.e., milk used to produce beverage milk products, has been calculated.