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Abstract
Introduction: One of the marks of an advancing economy, with steadily rising real income per person, is a growing livestock enterprise. The dairy industry of the United States has grown with the population, and in recent decades it has contributed very significantly to the nutritional well-being of our people. This growth, of course, stemmed from the desire of the millions of individual consumers to better feed themselves. Growing incomes have enabled them to do it. At the same time, an expanding market was being provided for the farmers of the Nation. It is important to consider where the dairy industry is now in its forward march and to review the experiences of recent decades, as a basis for formulating judgments as to prospects for the near and distant future.