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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.
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.
Murray Goulburn Co-operative Co. Limited (also known as Devondale Murray Goulburn) was a dairy-processing co-operative corporation.In 2018, following financial difficulties and difficulties with suppliers over sustainable prices, the business assets were sold to Saputo Inc, a publicly-listed Canadian dairy company and later the trading name of the business was changed to AG Warehouse.
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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.
"Milk prices were at a low and the feed and other costs were so high it was hard to make it," Barb says. ... investing in more cows to keep up with consumers who couldn't get enough of the milk ...
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.
Dean Foods, America's top milk production company, announced it is filing for bankruptcy due to consumers' declining demand for the product.