AMPI pays $9.7 million to farmer-owners
 

NEW ULM, Minn. (Dec. 19, 2007)—The dairy farmer-owners of Associated Milk Producers Inc. (AMPI) are sharing a $2.5 million payment this month as a result of the
co-op’s successful performance. The most recent payout brings members’ earnings and equity payments to $9.7 million for 2007.

As a dairy farmer-owned cooperative, AMPI returns a portion of the earnings to its owners. Cash is paid to members based on the amount of milk they market through the cooperative.

Included in the payments is AMPI’s early equity revolvement option. Members who are age 65 and retired from dairying can receive their cooperative equity through an accelerated, five-year distribution.

“These payments are just one way our farmer-owners can measure their milk marketing cooperative’s progress,” said Mark Furth, AMPI president and chief executive officer.
 
 
 
About AMPI
Associated Milk Producers Inc. (AMPI) is a dairy marketing cooperative with more than 4,000 farmer-owners, annual production of 5 billion pounds of milk and $1 billion in annual sales. Members operate dairy farms located throughout the Midwest states of Wisconsin, Minnesota, Iowa, Nebraska, Missouri, South Dakota, North Dakota and Montana. They own 15 manufacturing plants and market a full line of consumer-packaged dairy products, including the Cass-Clay® brand. For more information about AMPI, visit the cooperative’s Web site at www.ampi.com.

 

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