Another CWT herd retirement announced
You have until October 15 to submit a bid if you are interested in participating in the Cooperatives Working Together herd retirement round announced Thursday, October 1. This is the third herd retirement in 2009 and the fourth during the past 12 months.
To submit a bid, you must have been a member of CWT either through membership in a CWT member cooperative or as an individual effective January 2009. Those who participated in a previous herd retirement will not be eligible to bid again.
Again during this round, successful bidders will be paid in two installments. Ninety percent of the payment will be made when the cattle have been shipped, with the remainder paid at the end of 12 months if neither the producer nor the facilities go back into milk production.
Maximum bid again will be $5.25 per hundredweight. CWT will select bids beginning with the lowest. CWT officials say there is no guarantee that those bidding $5.25 will have their bids accepted.
In other news, House and Senate conferees kept in the Fiscal Year 2010 budget the $350 million dairy amendment that Bernie Sanders (I-Vt.) successfully added to the ag appropriations bill. Under language of the bill now, $60 million of that money is to be used to purchase surplus cheese and other dairy products to be distributed through food banks and similar locations, perhaps, overseas. According to Bob Gray of the Northeast Dairy Farmers Cooperatives, the remaining $290 million would be used in a "timely manner" to supplement income to dairy producers in some way. That could take a variety of forms, although there will be some pressure to make direct payments.
Again during this round, successful bidders will be paid in two installments. Ninety percent of the payment will be made when the cattle have been shipped, with the remainder paid at the end of 12 months if neither the producer nor the facilities go back into milk production.
Maximum bid again will be $5.25 per hundredweight. CWT will select bids beginning with the lowest. CWT officials say there is no guarantee that those bidding $5.25 will have their bids accepted.
In other news, House and Senate conferees kept in the Fiscal Year 2010 budget the $350 million dairy amendment that Bernie Sanders (I-Vt.) successfully added to the ag appropriations bill. Under language of the bill now, $60 million of that money is to be used to purchase surplus cheese and other dairy products to be distributed through food banks and similar locations, perhaps, overseas. According to Bob Gray of the Northeast Dairy Farmers Cooperatives, the remaining $290 million would be used in a "timely manner" to supplement income to dairy producers in some way. That could take a variety of forms, although there will be some pressure to make direct payments.
posted by Hoard's Dairyman at
8:25 AM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home