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===Price=== [[File:Milk Prices.webp|thumb|300px|Milk price per gallon of whole milk]] [[File:Corn vs Ethanol production.webp|thumb|300px|Corn vs ethanol production in the United States {{legend|#FFD932|Total corn production ([[bushel]]s) (left)}} {{legend|B51700|Corn used for ethanol fuel (bushels) (left)}} {{legend-line|#313131 solid 3px|Percent of corn used for ethanol (right)}} ]] It was reported in 2007 that with increased worldwide prosperity and the competition of bio-fuel production for feed stocks, both the demand for and the price of milk had substantially increased worldwide. Particularly notable was the rapid increase of consumption of milk in China and the rise of the price of milk in the United States above the government subsidized price.<ref>Wayne Arnold, "A Thirst for Milk Bred by New Wealth Sends Prices Soaring", [[The New York Times]] September 4, 2007.</ref> In 2010 the [[United States Department of Agriculture|Department of Agriculture]] predicted farmers would receive an average of {{convert|1.35|$/USgal|$/l $/impgal|lk=in}} of cow's milk, which is down {{convert|30|Β’/USgal|Β’/l Β’/impgal}} from 2007 and below the [[break-even]] point for many cattle farmers.<ref>{{cite news |first=Elizabeth |last=Bewley |title=Dairy farmers tackle big coops |newspaper=Burlington Free Press |location=Burlington, VT |pages=8B |date=June 24, 2010}}</ref>
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