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INDUSTRY NEWS

Read coverage of current events and news affecting dairy producers and the industry.

LATEST

I support supply management. Period. As a member of a Canadian dairy farming family, proudly producing top-quality milk for my fellow citizens, I know supply management’s demise would mean the end of the dairy life I know and love.  Recent articles from various news outlets as well as a newly released study have brought these feelings to the foreground once again.

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Dairy producers in Manitoba now have a public exchange to buy and sell underproduction credits. The quota credit exchange opened in December and allows dairy farmers the opportunity to buy or sell a portion of their total daily quota.

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I created a list of the top five economic drivers to watch at the beginning of the year. It is now time to look back at the last six months to understand how the business environment evolved, keeping an eye on what the next six months may bring.

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Since 2000, Canadian farm debt has more than doubled to $84.42 billion in 2014. With rising farmland prices and wild swings in the prices of both inputs and outputs, a number of recent media pieces have raised questions on the farm sector’s ability to meet their debt obligations and their sensitivity to changing market conditions.

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Genome Canada recently approved $3.8 million in funding for a major research proposal aimed at improving feed efficiency and reducing methane emissions in dairy cattle.

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In a letter to dairy producers (PDF, 204KB), Dairy Farmers of Ontario (DFO) Chairman Ralph Dietrich explains growth in demand for high butterfat products, especially butter and fluid creams, has led to a growth in quota and the issuance of incentive days. Producers have been able to keep pace and produce the milk needed to meet market demands.

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