A tight, well-run 110-cow herd can lose roughly $90,000 in family equity in a single year — and the math says it's structural, not a management failure.

The Bullvine Podcast breaks down the number nobody says at the kitchen table: small herds face a cost of production up to $42.70/cwt while milk sells near $20.70. That's a loss baked in before the first cow is milked. We trace why cheap milk keeps flowing anyway, and walk through the three honest paths still on the table — scale up, go niche, or plan a dignified exit.

What You'll Learn

• Why a $42.70/cwt cost against a $20.70 milk price is a structural loss, not a margin problem
• How an efficient 110-cow herd bleeds ~$90,000 in equity in one year
• Why 2,013 farms with 1,000+ cows now move 66% of U.S. milk
• What the 2025 FMMO make-allowance change quietly  ...