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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 reports $1.9 million profit

Checks now being sent to co-op's dairy farmers
Methuen, Mass. - Agri-Mark, Inc., headquartered in Methuen, Mass., has announced a year-end profit of $1.9 million which will be allocated among the coop's 1,400 dairy farmer-members during the next few weeks.

Agri-Mark is the leading dairy farmer cooperative in New England, with more than $520 million in annual sales and 1,400 farmer-members. The company has 600
employees in four locations in New England and is ranked among the top 25 private companies in the region, based upon annual sales.

"We had a good year in 2000, and we are anticipating an even better year in 2001 as profits from our new whey protein plant and our growing Cabot brand add to our marketing system," says Carl Peterson, a dairy farmer from Delanson, N.Y., who serves as Agri-Mark's Chairman of the Board. "I"m especially pleased with the continued growth of our value-added dairy business this past year."

Agri-Mark officials say better butter markets and aggressive consumer sales and marketing efforts in regard to their Cabot brand of cheddar cheese and other dairy products resulted in a record year for Cabot sales and an overall positive year for the cooperative.

Paul P. Johnston, Agri-Mark CEO, says the company was profitable, completed its new whey protein manufacturing plant in Middlebury, Vt., and had continued success with growing our Cabot business.

"In 2001, our goals are to improve our dairy farmer member income and further increase profits," he says.

From a dairy farmer perspective, Peterson notes that it is important for the co-op to grow its Cabot brand and run dairy plants that help guarantee a market for all of the milk each farm family produces each year. However, he also says that Agri-Mark is working in many other areas to increase dairy farmer income, particularly on the Northeast Dairy Compact.

The Compact is a pricing mechanism established in 1997 which allows the New England states to work together to establish prices processors must pay for fluid milk used for bottling. This helps to bolster Northeast farm prices when federal milk prices crash -- usually due to supply/demand conditions in California and other areas of the country.

"Our farmers received more than $22 million -- almost $16,000 each -- from the Northeast Dairy Compact this past year," says Peterson, "and getting the Compact renewed is a top legislative priority for the co-op in 2001. With farm prices at a 25-year low, this income is critical to the survival of all family farms and the landscape of our entire Northeast region."

During 2000, Agri-Mark also mailed more than $1.4 million in equity repayments to former members of the cooperative who retired from dairying or discontinued shipping milk to the cooperative. Equity is the money dairy farmers invest in their cooperative business during their years of membership. That money is returned in full, plus any retained profits, once the farmer stops shipping milk to Agri-Mark.

Moving forward, Agri-Mark is a financially solid co-op prepared for the rollercoaster milk rides the dairy industry is known for, Peterson says.

"Despite a difficult year on the farm in 2000, Agri-Mark has been able to provide farmers with an excellent milk market, and we are well positioned for a profitable future," Peterson says.

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