Economic Rule That Says Dairy Farming Is in Trouble ; the Champion of the West

Summary

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There is an irrefutable rule of economics, perhaps most simply summed up by Mr Micawber in Charles Dickens' David Copperfield, that says if you can't cover your costs with your income you are on the road to ruin.

"Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness," the irrepressible Micawber tells us. "Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."

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Economic Rule That Says Dairy Farming Is in Trouble ; the Champion of the West

That "misery" is the dominate feeling for many small dairy farmers at the moment.

And with the National Farmers' Union putting a...

See the full content of this document

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