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The Minnesota State Fair announced this week that for the first time in more than a decade, all-you-can-drink milk at the State Fair will be more expensive this year. In fact, twice as expensive, $2 rather than $1. 

But, the concern over milk prices, both from customers and farmers, extends far beyond the fairgrounds this summer. A precipitous drop in the farm price of milk since last fall has dairy farmers struggling to meet their bottom line. We seek an explanation for why milk prices are down, and what that means for farmers and consumers.

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The concern over milk prices, both from customers and farmers, extends far beyond the Minnesota State Fair price hike this summer.

The Minnesota State Fair announced this week that for the first time in more than a decade, all-you-can-drink milk at the State Fair will be more expensive this year. In fact, twice as expensive, $2 rather than $1. 
But, the concern over milk prices, both from customers and farmers, extends far beyond the fairgrounds this summer. A precipitous drop in the farm price of milk since last fall has dairy farmers struggling to meet their bottom line. We seek an explanation for why milk prices are down, and what that means for farmers and consumers.

Guest: Andrew Novakovic, professor of Agricultural Economics at Charles H. Dyson School of Applied Economics and Management at Cornell University

Explainer: Why milk prices are high and how the market works

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