The National Milk Producers Federation’s Board of Directors today voted to extend the Cooperatives Working Together Program, which helps member export dairy products through farmer-funded export assistance.
The program, begun in 2003, is paid through a voluntary 4¢/cwt assessment on milk from 28 member cooperatives and more than 100 individual dairy farmers. Totaled, they represent 70% of the U.S. milk supply.
“CWT is a unique and highly cost-effective tool for America’s dairy farmers, and the ongoing commitment of America’s dairy cooperatives to the program sends a signal to dairy producers at home, and dairy exporters abroad, that the United States will maintain a strong competitive stance in the global dairy market,” says NMPF Chairman Randy Mooney, a dairy farmer from Rogersville, Missouri.
To participate, CWT member co-ops submit bids with dairy sales to specific international markets. After review, bids are either accepted or CWT makes a counteroffer. Financial assistance is given only after the sale is complete.
In the first five months of 2018, CWT has facilitated the sale of 56 million pounds of dairy products, representing the equivalent of 648 million pounds of milk. Since CWT was initiated, it has helped members sell 887 million pounds of dairy products, the equivalent of more than 11.1 billion pounds of milk.
For more information, visit www.cwt.coop.