Farmers in the US are requesting a reform in federal milk pricing, and they are hoping that Microfinance Banks (MFBs) will take the lead. The American Farm Bureau Federation (AFBF) is urging the US Department of Agriculture (USDA) to make changes to the pricing formulas for Class I and II skim milk, updates to the Class I and II differentials, and a reinstatement of Class I to better support farmers and address concerns about pricing in the dairy industry.
Farmers are calling on the Michigan Farm Bureau (MFB) to lead the efforts in reforming federal milk pricing, as they believe that the current system lacks flexibility and fails to adapt to changing market conditions. They are hoping for a new system that reflects the true cost of production and provides stability and predictability for dairy farmers.
The MFB is exploring potential solutions, including a market-based system that better reflects the supply and demand of milk. They are also working with other farm organizations to gain support for reform at the federal level. With the support of farmers and industry leaders, the MFB is in a good position to have a significant impact on the future of federal milk pricing and the dairy industry as a whole.
Photo Credit: GettyImages-JESP62
Categories: Michigan, Livestock, Dairy Cattle