Investors: Dairy must communicate on ESG to win confidence
Dairy farmers must tell investors and consumers what they are doing on sustainability issues if they are to win the confidence of the investment community, a panel of investment advisers said here last week at the International Dairy Federation’s World Dairy Summit. Will Pomroy of Federated Hermes, a United Kingdom firm, said, “The investment industry…
Purabi Dairy to release Rs 1.47 cr additional price to dairy farmers
The North Eastern Region’s largest dairy cooperative, Purabi Dairy, announced on Friday that it would release Rs 147.91 lakh as an additional milk procurement price to the farmers of the state. West Assam Milk Producers’ Co-operative Union Ltd (WAMUL), which operates the Purabi brand, informed that the decision will benefit thousands of dairy farmers as…
Fonterra increased dairy farmers milk price by 50c
Dairy giant Fonterra has raised its forecast milk price for farmer suppliers by 50 cents to an effective $7.25 per kilogram of milk solids. It’s the latest twist in what’s looking like a very up and down season for farmers. Just before the latest season started in June Fonterra gave an initial forecast of, in…
Dairy farmers urge CM Stalin to enhance subsidy for cattle feed
Dairy farmers, who have been seeking a hike in procurement prices, have urged Chief Minister M.K. Stalin to announce an increase in subsidy for concentrate cattle feed. “Since most of the cows in the State are cross-bred with jersey cattle, they need this feed and farmers are unable to buy it as it is costly….
Data-Driven Decision is Important for Empowering Dairy Farmers
Remember a time when decisions were determined with respect to the references from tangible numbers within a ledger? From maintaining sheets and records manually to digitalized data, the journey has been arduous but rewarding. Data has always been an incredibly valuable resource, and its importance cannot be overstated. Data generation and collection in the modern…
USDA Announces Milk Loss Assistance for Dairy Operations
The U.S Department of Agriculture (USDA) has announced Milk Loss Program (MLP) assistance for eligible dairy operations for milk that was dumped or removed, without compensation, from the commercial milk market due to qualifying weather events and the consequences of those weather events that inhibited delivery or storage of milk (e.g., power outages, impassable roads,…
Frictionless credit initiative slashes operational costs for lenders
The pilot has been extended to four more states — Maharashtra, Uttar Pradesh, Karnataka, Gujarat (for dairy farmers) from August 17 this year The frictionless credit initiative being piloted by the Reserve Bank is helping lenders slash their customer acquisition cost by a whopping 70 per cent, while for borrowers the saving is 6 per…
Decoding the potential of dairy technology in J&K
The development of the Dairy sector in India and the outstanding role dairy cooperatives has played since the start of Operation Flood are fundamental to the incredible growth story of the nation after Independence. India produces 23% of the world’s milk now, making it the largest producer in the world. The development of the rural…
China’s Milk Industry Is Staring at New Cost Crisis
China’s raw milk producers are facing a new cost crisis as feed prices start to rise again, after the recent milk surplus began to abate thanks to cow herds shrinking and dairies stockpiling before the Mid-Autumn Festival at the end of next month. The price of soybean meal, which is used as animal feed, jumped…
Calculating the breakeven milk price-Teagasc Ireland
In any downturn on milk price, some farms may experience cash flow difficulties. In this article, Patrick Gowing explains why it is important for each farm to establish the impact of low milk prices on their farm. A simple tool that can be used is calculating the farms breakeven point. This will help identify at…