Letter Re: Observations on the Price of Milk
Dear Editor: In the 1880s milk sold for $0.56 per quart or $2.24 per gallon which at the time was 0.112 oz of gold per gallon of milk. To put that in perspective today, it would cost $190 for a gallon of milk. So if you had a cow producing 1 gallon per day 10 months out of the year, it would have been the equivalent of having $57,000 / year in revenue today. (You have significant capital and labor costs gathering hay and water for just one cow not to mention the distribution costs and short shelf life). At …