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.
Tuesday Closing Dairy Market Update - Class III and Class IV Futures Diverge
GENERAL OVERVIEW: Class III and Class IV milk futures diverged Tuesday, with Class III higher and Class IV lower. Class IV traders f...
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OUTSIDE MARKETS SUMMARY: CORN: 2 Higher SOYBEANS: 5 Lower SOYBEAN MEAL: ...
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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...
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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...
