ARLINGTON, Va. — The board of directors of the National Milk Producers Federation recently voted to continue Cooperatives Working Together, the farmer-funded export assistance program, through 2018, at the current funding level of four cents per hundredweight.
NMPF developed and manages the 13-year-old self-help program, known as CWT.
CWT’s extension until Dec. 31, 2018, comes at a time of increasing U.S. milk production, declining world dairy prices and increased global competition due to the removal of European Union milk quotas.
CWT is a voluntary membership program funded by contributions from 37 dairy cooperatives and more than 100 individual farmers. The money raised from the CWT membership fee of four cents per hundredweight helps maintain U.S. exports in an increasingly competitive world market.
CWT’s member cooperatives submit bids requesting help with sales in specific foreign markets. Only if the amount is justified is the bid accepted and financial assistance provided.
The bidder then has six months to deliver the product to the overseas purchaser.
Through the first five months of 2015 alone, CWT has helped its members contract to sell 35.1 million pounds of cheese, 26.6 million pounds of butter and 20.1 million pounds of whole milk powder.
Together, these transactions will export the equivalent of 1.07 billion pounds of milk to customers in 28 countries on five continents.
STAY INFORMED. SIGN UP!
Up-to-date agriculture news in your inbox!
