Dairy farmers all across the United States have been committing suicide at an alarming rate because their respective industry can no longer support them in the same way that it has for generations. For the fourth year in a row, diminishing milk prices has brought about dark times for this major farming sector.
According to market intelligence firm CCM, the infant formula sales in China have been surging in 2017, measured by the success of four major players in the industry. While China’s newly introduced two-child policy is not causing a higher baby rate as expected, dairy companies are fighting for the shrinking market share.
Monday night, a woman from church asked me what was happening to dairy farmers. She had seen the evening news about the Dean Foods announcement, and wanted to know what it really meant for local farmers.
“For dairy farm families to have the chance to pass their farms on to their kids, the shift to a global marketplace focus holds the key,” USDEC president and CEO Tom Vilsack said.
MELROSE — Isaak Hinnenkamp wasn’t going to become a farmer.
The dairy sector contributes $24 billion to the Canadian economy through sales by farmers and food processors, including over $7 billion in Quebec.
Fonterra is close to reaching a deal with Argentina-based dairy co-operative SanCor, according a media report from Buenos Aires.
CANADIAN dairy giant Saputo Inc. has given undertakings to Australia’s competition watchdog on the resale of Murray Goulburn’s Koroit factory should it buy the dairy co-operative’s assets.
China is planning for a new national standard on raw milk to better regulate the market order and meet demands of different consumers, not long after implementing its “strictest ever” regulation concerning registration of infant formula products.
I’m genuinely surprised Fonterra has not taken the opportunity to clear the decks regarding some of its ‘bad news’ ahead of the release of the dairy co-operative’s half-year results next Wednesday (March 21).