Dairy farmer-owners review cooperative's performance at annual meeting
BLOOMINGTON, Minn. (March 25, 2013) — Associated Milk Producers Inc. (AMPI) delivered sales of $1.7 billion and earnings of $9.3 million in 2012. According to AMPI President and Chief Executive Officer Ed Welch, the cooperative took bold steps this past year.
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In reviewing the past year, AMPI Chairman of the Board Steve Schlangen said two significant business sales took place—the sale of the Cass-Clay plant and brand in Fargo, North Dakota, and the cheese sauce and pudding business in Dawson, Minnesota. Schlangen says the decisions were made to focus on AMPI’s core businesses.
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Cheese production, which represents 57 percent of total sales, grew by more than 11 million pounds as compared to one year earlier. Butter production continued to grow steadily, increasing 5 million pounds.
The AMPI Annual Meeting is underway today and tomorrow in Bloomington, Minnesota. At the meeting, AMPI delegates finalize dairy policy recommendations. Schlangen, who is a dairy farmer from Albany, Minnesota, says the dairy industry is committed to securing dairy policy reform in a new farm bill. This plan includes a margin insurance program.
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Again, the AMPI Annual Meeting is underway in Bloomington, Minnesota.