News

Farmers Union, Farm Bureau seek emergency “higher of” milk formula

Dairy
Regulation & Compliances
Market & Price Trends
Published Feb 28, 2024

Tridge summary

The National Farmers Union and American Farm Bureau are urging a return to an older milk pricing formula, arguing that the current one is causing financial losses for dairy farmers. They have written to Ag Secretary Tom Vilsack, requesting an emergency switch back to the 'higher of' Class III and Class IV for determining the Class I fluid milk price. The organizations estimate that the current formula has cost dairy farmers approximately 55 million dollars since the beginning of the year.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The National Farmers Union and American Farm Bureau are seeking a return to a milk pricing formula that was taken away in the last farm bill. “That got taken out of the formula in the last cycle through the federal order systems, and dairy farmers haven’t been too happy with that.”Wisconsin Farmers Union President Darin Von Ruden tells Brownfield the current formula used to price fluid milk is costing dairy farmers money. “National Farmers Union and American Farm Bureau are on the same page on this one. Let’s get the higher-of Class III or IV into the Class I pricing, which will help raise farmers’ prices. You know, it’s definitely not a cost-of-production level, but it’s going to give us a few more dollars per hundredweight.” The two organizations issued a joint letter to Ag Secretary Tom ...
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