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Newspaper
Country Today
Location
Eau Claire, Wisconsin, United States of America
Date
Jan 22, 1986
Page
7
Mid-America Dairymen Inc faces a stretch of consolidation and uncertain dairy policy. The District 6 meeting heard that a whole herd buyout and evolving plant networks may shrink co-ops and plants, while a Schreiber Foods partnership secures a 200 million pound annual cheese contract and positions Mid-Am to weather looming farm bill effects.
Mid-Am members report nearly 7 billion pounds of market milk in 1985, up 12 percent from 1984 due to diversions, with expected earnings around $7 million. Acquisitions include Maple Hill Co-op in Boyd Wisconsin and Modern Craftsmen in Watkins Minnesota, plus a Kansas City area bottling plant and a Zarda Dairy venture. R&D boosts focus on milk components and ultrafiltration in mozzarella. The co-op also bought office space in Springfield Missouri and plans to sell its Northern Division office in St Paul, moving to new space this spring.
Mid-Am Northern Division Director Floyd Fouks said the 11,000 member co op remains financially strong with expected 1985 earnings over 7.5 million. The group paid 100 percent of 1976 capital retains and 1972–75 equities in January. A 200 million pound cheese contract via the sale of Clearfield Cheese plants to Schreiber Foods, plus a 16 percent stake in Schreiber, boosts the co op’s position as it produced over 7 billion pounds of milk last year across five states.
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