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The Dairy Industry Advisory Committee voted today to approve a final report to Agriculture Secretary Tom Vilsack offering recommendations on dairy farm profitability and milk prices.
A coalition of 90 agricultural businesses have sent a letter to Congressional leadership urging Congress to let the refundable Volumetric Ethanol Excise Tax Credit expire and to resist calls for spending on infrastructure for conventional biofuels.
The NMPF analysis shows that dairy farmers would have received at least $3 billion more revenue had the stabilization program been in place in 2009.
USDA announced this afternoon that the U.S. all-milk price for February was $18.40/cwt., up $1.70 from January and up $2.50 from a year ago.
Chairman and CEO Gregg Engles to assume operating responsibilities at leading U.S. dairy company.