Tuesday, October 27, 2009

Agri-Mark Pays Dairy Farmers $2M

Agri-Mark made $2 million in payments last week to its dairy farm members who continue to struggle with the lowest milk prices in 30 years. The Times Argos reports that the 1,300 members of the dairy cooperative each received a check that averaged $1,500, or $1 per hundredweight, based on one month's milk production. It's the second round of checks sent out by Agri-Mark this year and the payments represent an advance on the cooperative's year-end profit sharing distributed to its members in New York and New England. Of Agri-Mark's 1,300 farmer members, 300 are in Vermont.