Tuesday, July 21, 2009

Dairy Farmers of America try to ease the producer's pain

Over 10,750 member farms of Dairy Farmers of America will split a $9.5 million cash payment due to the current economic hardships the industry is facing. This DFA initiative will be equivalent to 5 cents per hundredweight for milk marketed through DFA from January to June. Last Friday, checks were sent out to member farms that still remained active as of June 30.

DFA is looking into more opportunities, within the cooperative as well as with other industry organizations, to solve the short- and long-term effects of the crisis. “Obviously, relief has not come as quickly as we hoped, but we are committed to finding ways to ease stress that will have both short- and long-term impact on the dairy industry,” said DFA Chairman Tom Camerlo.

To see the full press release visit the DFA website.

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