A new report from the American Farm Bureau Federation lays out priorities, principles, and recommendations for reforming dairy policy. A Farm Bureau Working Group explored options for strengthening the dairy industry through the 2023 Farm Bill and modernizing the current Federal Milk Marketing Order. Some of the priorities for FMMO reform include returning the Class 1 mover to a “higher-of” formula, increasing the Class 1 differentials to reflect changes in the marketplace, and making cost surveys mandatory and have them audited by USDA, and several others. “America’s dairy farmers continue to meet the challenges of growing demand for milk products, even while the number of dairy farmers in the U.S. continues to shrink,” says AFB President Zippy Duvall. “These recommendations convey the needs of dairy farmers across the country.” Farm Bureau also says the report gives guidance to USDA as it prepares for future hearings on modernizing the FMMO system.
Friday Closing Dairy Market Update - February Milk Output Up 2.9%
GENERAL OVERVIEW: Milk futures were higher in light trading activity following the increase in spot prices. The USDA released the Fe...
-
OUTSIDE MARKETS SUMMARY: CORN: 2 Higher SOYBEANS: 5 Lower SOYBEAN MEAL: ...
-
MILK: Milk futures declined for the week, but not as much as should have been seen according to the drop in the spot cheese and butt...
-
MILK Class III milk futures have finished a very volatile week as emotions ran high as a result of the outside influence of the stimul...
