Agrimark Logo

Phone 978.552.5500
Fax 978.552.5587
CONTACT US

Menu
Member Login

Press releases

  • 2018
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2004
  • 2003
  • 2002
  • 2001
March
  1. Three Northeast Dairy Farm Families Recognized for Their Herds’ Excellent Milk Quality
June
  1. Dairy Co-op asks U.S. Secretary of Agriculture to stop the price collapse and set minimum wholesale dairy product prices
June
  1. Richardson’s Rocky Acres Farm celebrated during June Dairy Month
April
  1. Townley named new CEO of Agri-Mark
  2. CABOT CREAMERY EARNS HONORS AT 2015 US CHAMPIONSHIP CHEESE CONTEST
  3. Agri-Mark paid out a record amount in milk quality premiums to farmers last year
September
  1. Young farmers receive $1,000 Scholarships from Agri-Mark
March
  1. Agri-Mark farmers receive $11 million year-end profit
  2. CABOT VINTAGE CHOICE CHEDDAR REPEATS AS GOLD MEDLIST AT WORLD CHAMPIONSHIPS
August
  1. Agri-Mark earns Grade A designation from FDA on its whey products
March
  1. PDF Agri-Mark farmers share $10.2 million year-end profit.
September
  1. PDF Agri-Mark Named 2013 Exporter of the Year
March
  1. PDF Agri-Mark farmers will share $15 million year-end profit
October
  1. Agri-Mark names Stammer new CEO
March
  1. Agri-Mark dairy farmers share $14.9 million profit
June
  1. PDF NMPF Board Adopts Multi-Faceted Proposal To Make Major Changes in U.S. Dairy Policy
September
  1. Marginal Milking Pricing Information
October
  1. PDF CWT To Focus on Exports After 2010
February
  1. PDF Rea elected to his third term as Agri-Mark Chairman
March
  1. PDF Agri-Mark dairy farmer co-op earns $11.8 million
June
  1. Agri-Mark pre-pays its dairy farmers
October
  1. PDF CWT Announces Third Herd Retirement of 2009
  2. Agri-Mark sends $2 million to struggling dairy farmers
January
  1. PDF CWT TO OFFER BRED HEIFER OPTION IN NEXT HERD RETIREMENT ROUND
  2. PDF Torn Between Two Loves; Football and Cheese
February
  1. Agri-Mark dairy co-op earns $17.6 million
June
  1. PDF
July
  1. PDF CWT Accepts Herd Retirement Bids
October
  1. PDF CWT Announces Herd Retirement
December
  1. PDF CWT Accepts 184 Bids Representing 61,00 Cows, 1.2 Billion Pounds of Milk
June
  1. Agri-Mark expects record farm milk prices
October
  1. Cabot receives a Rural Development Grant from USDA
March
  1. Allied and Agri-Mark farmers vote to come together
January
  1. Agri-Mark Farmers to Receive $11.4 Million
February
  1. Peterson elected to 13th term as Agri-Mark
April
  1. Cabot Distribution Center Nears Completion
May
  1. Allied and Agri-Mark dairy co-ops agree to work more closely together
January
  1. Agri-Mark farmers purchase McCadam Cheese business
February
  1. Agri-Mark announces $6.8 million profit
July
  1. Farm milk prices projected to jump this summer
February
  1. Agri-Mark Posts $5.7 Million Year-end Profit
  2. Peterson Elected to 11th Term as Chairman
April
  1. Farm Bill provides safety net for Farmers
December
  1. Agri-Mark set to purchase McCadam Cheese business
April
  1. Agri-Mark reports $1.9 million profit
  2. Agri-Mark farmers hold annual meeting in Vermont
October
  1. Wholesale Butter and Cheese Prices Collapse
For Immediate Release

Contact Doug DiMento
978-552-5541

Agri-Mark announces $6.8 million profit

Year-end return allocated to the co-op's dairy farmers
Methuen, Mass. -- Agri-Mark dairy farmer-owners will share in a $6.8 million profit for the company's fiscal year ended November 30, 2002, up from the $5.7 million profit the cooperative recorded last year. For a dairy farmer milking 100 cows, that means more than $5,000 in extra added value for their milk.

The cooperative's profit allocation to its dairy farmer-members will be $.29 per hundredweight on their farm's milk production during the 2002 fiscal year. Checks were mailed to Agri-Mark farmers today for the cash portion of their allocated share.

Officials at Agri-Mark say the continued strength of the cooperative's Cabot branded business and the contributions made by the company's whey protein manufacturing plant in Middlebury, Vt., led the way to another successful year.

"The commitment our farmers have made over the years to invest in their own processing facilities is paying off," says Carl Peterson, a dairy farmer from Delanson, N.Y., who serves as the cooperative's Chairman of the Board. "Our Cabot brand of dairy products continues to expand and we have an excellent market for our whey proteins. With farm prices so low, farmers need these profits and every other bit of income they can get."

Peterson said that if Northeast dairy farmers are to have more control over their milk price, they need to work together through their cooperatives and invest in value-added marketing. Agri-Mark farmers own the Cabot brand of award-winning Vermont dairy products and just recently acquired both the McCadam brand of New York cheeses and its manufacturing plant in Chateaugay, N.Y.

"As dairy farmers and suppliers of a great product, we are only at the beginning of the marketing chain," says Peterson. "We have to actively do something to change that and get closer to the consumer, so we can capture a larger portion of the dollars they spend on dairy products. That, in a nutshell, is Agri-Mark's marketing philosophy."

Paul P. Johnston, Agri-Mark CEO, says he is pleased with the progress the cooperative has made in the past several years.

"Our financial turnaround really began when we started marketing our Cabot products and expanded sales into more regions of the country," says Johnston. "The more milk we put into our own branded products, the more control we have over our price."

Johnston says the outlook for the cooperative looks good in the years ahead, and he is enthusiastic about Agri-Mark's recent merger with the Chateaugay Cooperative and the purchase of the assets of McCadam Cheese.

"We"re trying to position our overall business in a way that will bring us to the next level of profitability for our farmer-owners," says Johnston. "That's our mission. That's what we work to do every day."

Agri-Mark, with approximately $550 million in 2002 sales, markets more than 300 million gallons of farm fresh milk each year for 1,450 dairy farm families in New England and New York. The cooperative has been marketing milk for dairy farmers since 1917, and also represents their legislative interests in the Northeast and in Washington, D.C.

In addition to its manufacture and sale of branded dairy products, Agri-Mark has invested in operations to manufacture and market valuable whey proteins and sells fluid milk from its farmers to the region's largest dairy processors.

Contact John Majkut

 
close
Member Login

Our brands

Cabot

McCadam

Agrimark Whey

Featured

EnSave: More Money = More Dollar Savings