March 23, 2023
(press release)
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DFA reports 2022 financial results. Plugrá Premium Butter brand launched a new, spreadable butter containing olive oil and sea salt. DFA introduced several limited-edition ice cream flavors. Key Highlights: * The Cooperative reported a net income of
* DFA’s net sales totaled
* The average price paid to DFA farmer-owners was
* DFA directed 65.4 billion pounds of milk for both its farmer-owners and others through the Cooperative’s consolidated businesses, which represents approximately 29% of the total milk production in
* Cash distributed to farmer-owners in 2022 totaled
Original Press Release:
- Cooperative remains financially strong and continues to expand commercial investments At the Cooperative’s recent Annual Meeting,
* Its Plugrá® Premium Butter brand launched a new, spreadable butter containing olive oil and sea salt. The new butter is available in a convenient, table-friendly tub and is perfect for those who want a softer butter for spreading * Its Ingredient Solutions plant in
* DFA introduced several, limited-edition ice cream flavors over the summer, including Kemps® Orange Dream and
* Its Ingredient Solutions facility in
[Category: Oil & Gas Refining & Marketing, Household Durables, Business Expansion, Financial Results, New Offerings] Source:
The Cooperative reported a net income of
“Like so many industries, this has been a challenging year for dairy with labor shortages, global supply chain disruptions, record-level energy costs and inflation. Yet through the challenges, we focused on driving performance and greater efficiencies across the enterprise to bring short- and long-term value to our farmer-owners,” says
In 2022, DFA directed 65.4 billion pounds of milk for both its farmer-owners and others through the Cooperative’s consolidated businesses, which represents approximately 29% of the total milk production in
Rodenbaugh adds, “From driving milk marketing efficiencies, expanding member services, enhancing our farmer-owners’ milk markets through new product innovations, investing in food and beverage manufacturing assets and growing our global presence, we are and will always be dedicated to working alongside our farmer-owners to make choices and investments that bring them value and ensure their right to farm for generations to come.”
DFA continued to expand its commercial investments in 2022. The Cooperative acquired two extended shelf-life (ESL) beverage processing facilities, located in
Additionally, to further accelerate the development of DFA’s ingredients business in the
DFA’s farmer-owners and employees continued the Cooperative’s commitment to drive forward its environmental, social and governance efforts through on-farm sustainability initiatives, continuing the “DFA Nerd Herd” consumer educational campaign around sustainable farming practices and an ongoing commitment to actively cultivate an inclusive workplace that values and promotes diversity of thought, perspectives, life experiences, backgrounds and cultures. In the fall of 2022, DFA was also selected to receive a
Finally, DFA’s commercial operations continued its growth and success in 2022. A few highlights include:
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