Dairy farmer-owners review co-op performance
BLOOMINGTON, Minn. (March 24, 2014) — Leaders of Associated Milk Producers Inc. (AMPI) have announced sales of $1.8 billion and earnings of $7.5 million in 2013. AMPI’s core products were the cooperative’s top performers in the past year. According to AMPI President and Chief Executive Officer Ed Welch, the cooperative’s core products have enjoyed an increase in demand.
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AMPI Chairman of the Board Steve Schlangen said the cooperative is positioned for strategic growth. That is being accomplished through plant improvements and a focus on farm policy.
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The AMPI Annual Meeting is underway today and tomorrow in Bloomington, Minnesota. At the meeting, AMPI delegates will consider resolutions and review legislative priorities. Speakers include South Dakota Agriculture Secretary Lucas Lentsch and Terry Fleck from the Center for Food Integrity. A panel discussion on the farm bill includes National Milk Producers Federation President and CEO Jim Mulhern, Midwest Dairy Coalition’s Washington representative Steve Etka and Phil Plourd from the dairy market and risk management firm Blimling and Associates.
AMPI is headquartered in New Ulm, Minn., and owned by 2,600 Midwest dairy farm families from Wisconsin, Minnesota, Iowa, Nebraska, South Dakota and North Dakota. AMPI members annually market about 5.8 billion pounds of milk, resulting in $2 billion in sales for the cooperative. AMPI owns 10 manufacturing plants and markets cheese, butter and powdered dairy products, serving foodservice, retail and food ingredient customers.