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Minnesota Milk Minute - March 18, 2016

Friday, March 18, 2016   (0 Comments)
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Minnesota Milk Minute 

March 18, 2016

A reliable source of timely market information, news and current events. 

In This Issue

Minnesota Milk Legislative Update

Invitation to NEW Regional Meet & Greet Reception at Central Plains

Check That Dipstick

Milk Futures for 2017

Land O'Lakes Finding Rythm in Highly Competitive World Food Industry

Dairy Farmer Share of Retail Goes Up

Upcoming Events

New York Dairy Tour - dates and details coming soon!

Featured Members

Special thanks to
Minnesota Milk
Associate Members.
This week’s featured members:

Davisco Foods International, Inc.

Bongards Creameries

DeLaval, Inc.

Ag Tech Drainage

Boss Supply

Form-A-Feed, Inc.

Gilman Coop Creamery

Minnesota Milk Legislative Update (Lucas Sjostrom)

​This week was Dairy Day at the Capitol, and thank you to the 50+ farmers who registered and attended our day in St. Paul. This year more than ever might have shown how important it is for groups to have a voice in the state legislature. With the shortened session, it was not only Dairy Day, but Green Day, Cancer Day, and several other “Days,” making for tight schedules and hallways.

Those attending Dairy Day combined to meet with over 50 legislative offices, were represented by four pieces of testimony at the morning Agriculture Committees’ joint hearing, met with Commissioner Frederickson, stopped Governor Dayton in the hallway to say hello, and held an hour-long session with the Governor’s new agriculture policy specialist.

After a long day of meetings, attendees had the opportunity to mingle with over 150 legislators and agriculturalists at the Agri-Growth reception at the beautiful Minnesota History Center.

Legislators are in the early weeks of their work but already in the heavy lifting on topics such as transportation and property tax reform. Both of those issues actually had much ground work laid, so there is hope for some agreement at the finish line.

Governor Dayton’s supplemental budget was unveiled Tuesday with many items, but of note to rural MN is $100 million for broadband; however, a House proposal this week started the conversation at $35 million.

With a busy week as you can see, we’ll have more specifics in next week’s Milk Minute.

Invitation to NEW Regional Meet & Greet Reception at Central Plains

If you’re heading out to Sioux Falls, SD for the Central Plains Dairy Expo, then we invite you to join us for a NEW Regional Meet and Greet Reception on Wednesday, March 30 from 4:30 – 6:00 p.m. in Room 10 (next to the main entrance) of the Sanford Premier Center Complex. Minnesota Milk is co-hosting this reception with trade associations in Nebraska, Iowa and South Dakota as an opportunity to discuss areas of growth and prosperity for the Midwest to work together. The reception is FREE so come, network with others, and enjoy some refreshments before you head out for the evening.

Check That Dipstick (Hoard's Dairyman)

That’s one message gleaned from an ongoing program by the Northeast Federal Milk Marketing Order. Last year, its milk tank calibration program evaluated 269 bulk tanks and found 27 — 10 percent of all tanks evaluated — were out of tolerance and needed to be recalibrated. Of the tanks needing recalibration, the 27 were almost equally split between cooling units that were overestimating milk and under measuring milk. Read more.

Milk Futures for 2017 (AgWeb)

An extended outlook for low world dairy prices from international analysts has recently resulted in substantial bearishness rippling through Class III futures contracts all the way through 2017. International analysts such as Rabobank have continued to push back estimated world price recovery. Read more.

Land O'Lakes Finding Rhythm in Highly Competitive World Food Industry (Minneapolis Star Tribune)

Land O’Lakes is a company whose bread-and-butter business really is butter — and a whole lot more. It has to be to survive long-term, said CEO and President Chris Policinski. “Food is one of the great growth industries of our generation,” he said in an interview. “We’re going to need to produce 70 percent more food between now and 2050.” As the world’s population swells from 6 billion to 9 billion people in the next 35 years, Policinski said, the food industry will be even more competitive and challenging. Read more.

Dairy Farmer Share of Retail Goes Up (Hoard's Dairyman)

Dairy farmers reaped the largest share of the retail food dollar since the turn of the century, according to data from USDA’s Economic Research Service. In making that calculation, economists poured through data from the Bureau of Labor Statistics to determine who gets what share of the money from consumer purchases. When it comes to dairy products, American dairy farmers received 38 percent of the retail food dollar in 2014. Read more.

“A great accomplishment shouldn't be the end of the road, just the starting point for the next leap forward.” -- Harvey Mackay


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