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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 Farmers to Receive $11.4 Million

Cooperative returns record profits to its Northeast farm family members
Methuen, Mass. -- Agri-Mark dairy farmer-owners will share in a record $11.4 million profit for the company's fiscal year ended November 30, 2003, up from the $6.8 million profit the cooperative recorded last year and the previous record of $7.8 million the cooperative earned in 1998.

For a Northeast dairy farmer milking 100 cows, that means more than $7,500 in extra added value for their milk. That money is welcome on the farm, given the fact that during the past 12 months farm milk prices have been the lowest in more than 25 years.

Agri-Mark's profit allocation to dairy farmers will be $.44 per hundredweight for all of the milk each farm family shipped to the cooperative during the 2003 fiscal year. Checks will be mailed shortly to Agri-Mark farmers for the cash portion of their allocated share. Members owners will receive a full report on the year's operations at their annual meeting in Burlington, Vt., in April.

Officials at Agri-Mark say the continued strength of the cooperative's Cabot branded business and the contributions made by the company's new McCadam brand of New York dairy products helped the co-op achieve record profits and make the outlook for 2004 very positive.

"The commitment our farmers have made over the years to invest in their own processing facilities has certainly been paying off," says Carl Peterson, a dairy farmer from Delanson, N.Y., who was recently elected to his 13th term as the cooperative's Chairman of the Board of Directors. "I"m particularly proud that our Cabot and McCadam brands of dairy products continue to expand both regionally and nationwide and our diversified dairy business is generating a good return for our farmers."

Dairy farmer John Malcolm of Pawlet, Vt., says he is pleased with his cooperative's progress.

"Every time a consumer buys Cabot or McCadam dairy products, they are helping their farm neighbors," says Malcolm, who appears in some of Cabot's marketing campaigns. "Our farmers produce exceptional quality milk and our employees take pride in the products we produce. That's a winning combination."

Paul P. Johnston, Agri-Mark President and CEO, says he is pleased with the continued progress of Agri-Mark in the past several years and looks forward to more good years ahead.

"Our business has continued to grow in both volume and profitability such that, in addition to providing our farm families with strong markets for their milk, we are now generating solid year-end profits as well," says Johnston. "Agri-Mark paid out more than $9.0 million in milk quality and other premiums to our members last year. In total, we generated more than $20 million for our members in profits and over-order premiums. That's a record as well."

Chairman Peterson says the cooperative is investing in Northeast dairy manufacturing plants and dairy brands and thus is increasingly being recognized by the dairy community and others as the region's leader in attempting to keep the Northeast dairy economy strong. The investment that Agri-Mark farmers made in their new McCadam business generated a return on that investment right from the start, he says.

"As dairy farmers we are suppliers of a wholesome, nutritious product, but we are at the beginning of a marketing chain that includes both dairy processors and retailers that are large and powerful." says Peterson. "We have to market a greater percentage of our own high quality dairy products directly to the consumer, so we can capture a larger portion of the dollars they spend on those products."

Peterson also added that Agri-Mark farmer-owners enjoyed a 27% return on the equity monies that they invested in their cooperative the past year.

"We"re looking for other farm families to join us and share in our success," says Peterson. "We all need to work closer together than ever before if we are to generate the dollars we all need to not only stay in business, but to prosper. Northeast farm families need to be paid more for all of their hard work. That's what Agri-Mark is all about."

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Agri-Mark, with approximately $600 million in 2003 sales, markets more than 300 million gallons of farm fresh milk each year for 1,400 dairy farm families in New England and New York. The cooperative has been marketing milk for dairy farmers since 1916, and also represents their legislative interests in the Northeast and in Washington, D.C.

In addition to its manufacture and sale of branded cheddar cheese and other dairy products, Agri-Mark has invested in operations to manufacture and market valuable whey proteins. The co-op also sells fluid milk from its farmers to the region's largest dairy processors. For more information about Agri-Mark, visit our web site at www.agrimark.net.

Contact John Majkut

 
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