Articles tagged under: dairy
Class III Milk Prices Move Upward
Published May 22, 2020
Commodity Risk Management Group President Mike North says the volatility in the Class III milk prices caused the CME to adjust its expanded limit before Memorial Day. Dairy farmers can take advantage of these prices. "We are telling producers that…What the COVID-19 Direct Payments Mean for Dairy
Published May 20, 2020
According to University of Minnesota Assistant Professor in Applied Economics Marin Bozic, the USDA provided generous Coronavirus Food Assistance Program direct payments to dairy farmers. The payment rate is $6.20 per hundredweight applied to first quarter milk production. "You take…Class III Milk Moves Higher
Published May 20, 2020
Class III milk prices have moved back at pre-COVID levels. "Be wise with the opportunity," said Mike North, president, Commodity Risk Management Group. "If you're in the dairy business, this is a time to take advantage of it."Dairy Farmers Adapt to Supply Chain Challenges
Published April 29, 2020
The dairy checkoff is partnering with processors to donate dairy products and meet the needs of local food banks. "We aren't asking for money from processor partners, but we are asking for help in delivering or storing products for food…Midwest Dairy Donates to Local Food Banks
Published April 29, 2020
Midwest Dairy is donating $500,000 to food banks to purchase dairy products for people in need. The donations will be spread across 10 states including Minnesota, North Dakota and South Dakota. Typically, dairy checkoff funds can’t be used to purchase…USDA Won’t Re-open the Dairy Margin Coverage Program
Published April 20, 2020
Agriculture Secretary Sonny Perdue said the USDA will not reopen the Dairy Margin Coverage program sign-up. "We chose not to do that, because it's an insurance program. We literally begged people to sign up last year," said Perdue. "The DMC…USDA Will Make Monthly Food Purchases for Food Banks
Published April 20, 2020
The USDA will be purchasing a combined total of $300 million each month in dairy, meat, fresh fruits and vegetables for food banks. In the next two weeks, the USDA will be taking proposals to supply commodity boxes to non-profit…Mid-Size and Beginning Dairies Remain Vulnerable
Published April 20, 2020
USDA will provide $16 billion in direct payments to farmers and ranchers through the coronavirus economic stimulus package. From that total, dairy farmers will $2.9 billion. Minnesota Milk Producers Association Executive Director Lucas Sjostrom is pleased USDA is delivering a…USDA Announces COVID-19 Assistance Program
Published April 17, 2020
On Friday, the USDA announced the details of a coronavirus aid package for farmers and ranchers. The Coronavirus Food Assistance Program includes $16 billion in direct support to farmers and ranchers and $3 billion to purchase fresh produce, dairy and…