As the courts decide the fate of President Trump’s tariffs, another measure could offer dairy farmers some relief. Changes to the Federal Milk Marketing Order took effect over the weekend.
The Farm Bureau says the updates were long overdue and could provide some much-needed certainty.
“This was a need of the industry to say that the Federal Milk Market Order system has been outdated. These formulas needed to be updated in order to reflect more accurate market conditions. With all these trade disruptions, supply disruptions going on as well, the total impact might be stunted or sort of covered by some of these bigger market movers,” said Danny Munch.
Changes that are now in effect include the switch to the Higher-of Class 3 and 4 price formula. Class 1 differentials have also been raised, which Munch says will help offset transportation and service costs.
What can these facilities do to protect themselves? I wrote about this issue last spring, and since that time, the U.S. Court of Appeals for the Eighth Circuit has issued a significant opinion. That makes an update in order.
February 28, 2024 11:04 AM
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Mon, 2/19/24 – 8 PM ET | 7 PM CT | 6 PM MT | 5 PM PT
February 14, 2024 12:44 PM
“Where The Food Comes From” visits M&B Products, a milk bottling plant in Temple Terrace, FL (a suburb of Tampa) with its farm in Lecanto, operated by the McClellan family. Get ready for a lesson in everything from milk bottling, to dairy nutrition, and bovine reproduction!
January 25, 2024 03:00 PM
Would you believe it’s possible to have a dairy barn where all you smell is clean fresh country air? Leon McLellan of M&B Products in Temple Terrace, FL shows us how!
January 24, 2024 03:00 PM
If chocolate milke doesn’t come from brown cows (and strawberry milk certainly doesn’t come from pink ones), then where does it come from? Get the scoop!
January 24, 2024 10:00 AM
At Florida dairy operation M&B Products, we learn about bottling milk, lactose intolerance, and so much more!
January 23, 2024 03:57 PM
December 14, 2023 05:22 PM
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November 10, 2023 02:32 PM
The FAO Food Price Index for October 2023 is out. Where do global food prices stand, and which categories saw the largest gains?
November 03, 2023 01:42 PM
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