Tim Bale’s dairy farm barely broke even in six years as mergers of processors and competition between supermarkets Coles and Woolworths Ltd. pushed down milk prices. So 14 months ago, he decided to cut out the middleman.
The Netherlands, the world’s second- largest agricultural exporter, would have enough food to feed its population even without trade, according to a study by farm- economy researcher Landbouw Economisch Instituut.
The Alpina Foods Inc. plant that just opened in Batavia, New York, to feed the nation’s growing appetite for Greek-style yogurt should have nearby dairy farmers such as Matt Lamb scrambling to expand their herds.
At Harold Howrigan’s dairy farms in northern Vermont last year, the red ink was flowing almost as fast as the milk. The dairyman was losing nearly $100 per cow each month because the price for 100 pounds of milk fell to $11, well under the $18 cost of production.
Dean Foods Co. , the biggest U.S. milk-products maker, settled an antitrust lawsuit with Northeast Dairy Farmers, agreeing to pay $30 million in damages and buy milk from producers in the region, the farmers’ group said.