Family Dairies USA recently announced that its Board of Directors voted unanimously to approve the allocation of cash dividends for 2008 earnings totaling $325,582. Family Dairies USA is based in Madison, Wis., and serves about 3,400 members in six states.
“This has been an extremely difficult year for our members and all dairy farmers in the industry while they deal with historically low milk prices and rising input cost,” says David Cooper, Family Dairies USA general manager. “The decision to provide 100 percent of the dividends now from 2008 instead of a lower percentage later in the year was the right decision by the Cooperative for our members.”
Members should begin receiving their checks this week.
Source: Family Dairies USA