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These purchase prices are set high enough to enable dairy processors to pay farmers at least the support price for the milk they use in manufacturing these products. The 2002 farm bill (P.L. 107-171, Sec. 1501) mandated a support price of $9.90/ cwt , effective through December 31, 2007, when the program by law was scheduled to expire.
Dairyland is a dairy business that operates in Port Coquitlam, British Columbia. Now owned by Saputo Dairy Foods Canada , Dairyland was originally an operating arm of BC dairy farmers' cooperatives and was legally named Agrifoods International Cooperative Ltd. at the time of the sale of the majority of its assets to Saputo Incorporated.
A dairy product is food produced from the milk of mammals. [1] Dairy products are usually high energy-yielding food products. A production plant for the processing of milk is called a dairy or a dairy factory.
Saputo Inc. is a Canadian dairy company based in Montreal, Quebec, founded in 1954 by the Saputo family.It produces, markets, and distributes a wide array of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients and is one of the top ten dairy processors in the world.
In the 1930s, some U.S. states adopted price controls, and Federal Milk Marketing Orders started under the Agricultural Marketing Agreement Act of 1937 and continue in the 2000s. The Federal Milk Price Support Program began in 1949. [4] The Northeast Dairy Compact regulated wholesale milk prices in New England from 1997 to 2001. [8]
The dairy industry in the United States includes the farms, cooperatives, and companies that produce milk, cheese and related products such as milking machines, and distribute them to the consumer. By 1925, the United States had 1.5-2 million dairy cows, each producing an average of 4200 lb of milk per year.
These challenges led to the creation of the Canadian Dairy Commission, whose mandate was to ensure the quality and supply of milk, that producers received a "fair" return on investment, and set prices based on production costs, market price, consumer's ability to pay, and current economic conditions. [14]
Milk Income Loss Contract (MILC) Payments is the name given by USDA to the dairy farmer counter-cyclical payments program, authorized by the 2002 farm bill (P.L. 107-171, Sec. 1502, 7 U.S.C. 7982). Under the program, dairy farmers nationwide are eligible for a federal payment whenever the minimum monthly market price for farm milk used for ...