For the third year in a row, Americans in 2013 purchased more butter than margarine, signaling a resurgence of the once-popular dairy product.
As reported in The Wall Street Journal, Americans this year are expected to eat an average of 5.6 pounds of butter, which equals 22.5 sticks for every man, woman and child. This would bring butter consumption to 892,000 tons, an amount not seen since World War II.
Americans in 2013 spent $2 billion on butter compared with $1.8 billion...
Read MoreThree universities and multiple cooperative extension services will share $6 million in federal funds for the development of materials and training that will educate producers about the 2014 Farm Bill.
Of interest to dairy farmers, the University of Illinois has prepared online tools for the implementation of the Margin Protection Program (MPP), which will allow DFA members and others to decide for themselves how much volume they want protected and at what margin. MPP calculators from...
Read MoreDairy Farmers of America retained the No. 6 spot in an annual survey of global dairy companies.
Rabobank, a multinational banking and financial services cooperative with headquarters in the Netherlands, released its survey July 9 of the world’s top 20 dairy companies based on 2013 financial numbers. Holding the top position was Switzerland-based Nestle, followed by Danone and Lactalis, both with corporate offices in France.
DFA was also ranked No. 6 in last year’s survey.
... Read MoreAlthough final rules about the Margin Protection Program (MPP) will not be issued by the U.S. Department of Agriculture (USDA) until September, there are some provisions that were specifically dictated in the legislation. Below are answers to some of the most frequently asked questions. These answers and more are also available to DFA members by logging into myDFA at dfamilk.com.
How will the MPP work?
