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The U.S. dairy industry today applauded a commitment to stronger protections for common food names resulting from just-concluded trade talks with China.

The favorable outcome of the U.S.-China Joint Commission on Commerce and Trade meetings should facilitate export of products like feta and parmesan cheese to China, which is a particularly large and fast-growing market for U.S. dairy products.

“We are extremely pleased that the United States and China have agreed to strong protections for products using these well-established cheese names as we seek to expand exports to this key market,” said Tom Suber, president of the U.S. Dairy Export Council.

“We especially appreciate U.S. negotiators’ recognition of the importance of common name preservation to U.S. exports and the heightened focus that the Obama administration has given to a key dairy industry priority,” added Jim Mulhern, president and CEO of the National Milk Producers Federation.

ARLINGTON, VA – The National Milk Producers Federation today thanked Congress for passing and sending to the White House legislation extending the ability of farmers and small businesses to write off capital purchases immediately instead of over time by use.

The so-called “tax extenders” bill reinstates Section 179 tax credits for 2014 only. NMPF had strongly supported including the provision in legislation extending more than 50 expired tax breaks for one year. The bill passed the Senate Tuesday evening, and is expected to be signed by President Obama. It passed the House earlier this month.

“Dairy farming requires significant investments in machinery and equipment,” said NMPF President & CEO Jim Mulhern. “By allowing producers to immediately write off these purchases, extending Section 179 gives producers a year-end incentive to invest in their businesses while it reduced their record-keeping burden.”

CEO’S CORNER


Jim Mulhern
NMPF President
& CEO

 

During this year’s holiday season, it is appropriate for most of us in the dairy community to take a moment to give thanks for 2014’s bounty.

Introducing the New Margin Protection Program

On August 28, 2014, the U.S. Department of Agriculture announced details for a long-awaited and much-improved safety net for dairy farmers. Developed by the National Milk Producers Federation and five years in the making, the new Dairy Margin Protection Program, or MPP, is the most significant rewrite of dairy policy in more than a generation. Sign-up started Tuesday, September 2 and continues through Friday, December 19.

 

Use our website www.futurefordairy.com to find up-to-date information on how the program will work and how it can help limit the volatility in farmers’ margins.

 

A regular, detailed update on the margins between milk prices and feed costs can be downloaded from the Margin Protection Program webpage.

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