After several months of back and forth following the Dean Foods bankruptcy, the Dairy Farmers of America (DFA) co-op is acquiring a majority of its assets for $433m. Prairie Farms Dairy will also get a portion for $75m.
With the US as the new epicenter of the coronavirus epidemic, dairy is among the many industries turning to its local, state and federal government for financial help.
Prior to a videoconference meeting of European agriculture ministers, the European Dairy Association (EDA) issued an update to its COVID-19 dairy situation document.
The coronavirus is upending businesses and economies around the world, and the dairy sector isn't immune. While some aspects of the industry need stability and assistance, others are able to share their wealth and give back.
After several long days of negotiations in the Senate, an emergency relief bill has passed to help Americans impacted by coronavirus. It creates a $9.5bn COVID-19 agricultural disaster fund.
Though it was announced last month that Dean Foods and the Dairy Farmers of America (DFA) entered into an asset purchase agreement, that has been mutually terminated. The co-op is still in the running but is no longer the ‘stalking horse’ bidder.
On the podcast this week, we have one interview related to the cancelled Natural Products Expo West, some more interviews from the salon du fromage in Paris, and a feature on cleaning products during the coronavirus pandemic.
In an open letter sent out to the EU Commission, European Parliament’s COM AGRI and EU Member States’ / UK Agricultural Counsellors, Alexander Anton, secretary general of the European Dairy Association (EDA), set out an assessment of the current situation...
Fonterra Co-operative Group Limited has announced its 2020 interim results, which show the cooperative’s financial performance has improved with increased underlying earnings and reduced debt.
The Trump Administration released a set of coronavirus guidelines for all Americans, with special provisions for critical infrastructure industries like food and beverage. Brands have been adapting this week to the new reality, while keeping employee...
Rabobank assesses how the ‘corona hangover’ will impact global dairy markets in its latest report. Demand in China is already starting to bounce back after its virus exposure seems to have peaked, while the US will suffer in the coming months as cases...
Glanbia is still dealing with the rippled effects of a few key acquisitions in the last year and a half. It brought in €3.875bn ($4.24bn) in 2019, and is banking on its performance nutrition segment to grow in 2020.
