Lawmakers just introduced the Dairy Business Innovation Act of 2023, bipartisan legislation that will reauthorize and strengthen the Dairy Business Innovation Initiatives. Senators Tammy Baldwin, a Wisconsin Democrat, and Marsha Blackburn, a Tennessee Republican, introduced the bill Wednesday. Baldwin created the Dairy Business Innovation Initiatives through the Dairy Business Innovation Act in 2018, which passed as part of the 2018 Farm Bill. Baldwin says, "expanding this program will give more small- and medium-sized dairy businesses the tools and opportunity to reach new markets." The Initiatives provide resources to serve prospective and established businesses that produce a product made from milk from a dairy animal, including dairy farms with their own production facilities and dairy processors with cheese, ice cream, and bottling facilities. Since the program was established in 2019, Initiatives have supported over $150 million in awards through regional centers across the country. FarmFirst Dairy Cooperative, along with other members of the Midwest Dairy Coalition, endorsed the legislation.
Thursday Closing Dairy Market Update - Butter Leads the Charge
GENERAL OVERVIEW: Butter had another positive day in the cash market, trading up 3.25 cents. Futures followed along as well, with some...
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GENERAL OVERVIEW: Traders had something to get excited over, resulting in milk futures increasing significantly. The strength in che...
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California milk production is seasonally decreasing but still supplying the needs of dairy commodity manufacturers. Processors report milk a...
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GENERAL OVERVIEW: Class III milk futures closed lower in most traded contracts. The weakness of blocks triggered selling as traders ...
