Tuesday, December 18, 2018
 DFA Marketed 60.6 Billion Pounds of Milk in 2013  

Dairy Farmers of America (DFA) reported net income of $61.3 million for 2013 with net sales totaling $12.1 billion, up 6 percent from 2012, citing “strong operating results” from its wholly owned commercial investments and increased earnings from affiliates.

In a news release, the co-op said it directed the marketing of 60.6 billion pounds of milk during the year for both members and others through its consolidated businesses and related affiliates. That's about 30 percent of the total U.S. milk production.

Payments to members for milk marketed rose to $7.9 billion, from $7.3 billion in 2012, primarily because of a higher U.S. all-milk price, which averaged $20.01 per hundred pounds for the year. Returns to members totaled $41.9 billion in 2013, it said. DFA exported 222 million pounds of products in 2013, the fourth straight year of record export sales.

“At DFA, we're about making sure our members can farm successfully and profitably,” said Rick Smith, president and chief executive officer. “In 2013, we had a successful year. Through strong operational performance and joint venture returns, we were able to execute on our strategic plan. We are also pleased with the improved margins for members.”

In 2013, DFA acquired Dairy Maid Dairy, a Frederick, Md., processor of milk, juice and fruit drinks. The co-op also broke ground on two new plants in Linwood, N.Y., and Cass City, Michigan.

Source: American City Business Journals

Posted on Tuesday, March 25, 2014 (Archive on Tuesday, April 01, 2014)
Posted by bholcomb@adpi.org  Contributed by bholcomb@adpi.org