American Milk Producers Show Good Profits

Leaders of Associated Milk Producers Inc. (AMPI) have announced sales of $1.8 billion and earnings of $7.5 million in 2013. AMPI’s core products were the cooperative’s top performers in the past year. According to AMPI President and Chief Executive Officer Ed Welch, the cooperative’s core products have enjoyed an increase in demand.

AMPI Chairman of the Board Steve Schlangen said the cooperative is positioned for strategic growth. That is being accomplished through plant improvements and a focus on farm policy.

The AMPI Annual Meeting is underway today and tomorrow in Bloomington, Minnesota. At the meeting, AMPI delegates will consider resolutions and review legislative priorities. Speakers include South Dakota Agriculture Secretary Lucas Lentsch and Terry Fleck from the Center for Food Integrity. A panel discussion on the farm bill includes National Milk Producers Federation President and CEO Jim Mulhern, Midwest Dairy Coalition’s Washington representative Steve Etka and Phil Plourd from the dairy market and risk management firm Blimling and Associates.