The National Milk Producers Federation in the US has said it has received around 2,400 applications from dairy farmers wanting to join its supply reduction programme.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The programme, called Cooperatives Working Together, is aimed at raising milk prices by reducing milk supply, reported the Associated Press.

Farmers willing to cut back on milk production in exchange for cash payouts sent bids to the federation, who will pass the bids on to an independent auditor. The lowest bids are to be accepted.

“While we had no way of knowing how many bids would be submitted, the volume that we actually received is an indication of the economic pressures confronting farmers – the same conditions that we expect to improve through the CWT program,” Jerry Kozak, the federation’s president and CEO, was quoted by AP as saying.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now