Latest report calls for changes in the industry to maintain viability
With many dairy operations still trying to gain ground from the 2009 collapse of the sector, Rabobank’s Food & Agribusiness Research and Advisory (FAR) group is recommending that the industry work collaboratively to find more ways to maximize the value of milk for California producers. The bank’s research team released a report today titled “California Dairies: Getting More Moola,” which details suggestions/recommendations for maximizing value and cites a variety of reasons why the traditional way of solving milk pricing issues isn’t necessarily the answer producers need.
The report, authored by Vernon Crowder, agricultural economist and senior vice president with Rabobank, and James DeJong, dairy industry analyst with Rabobank, addresses a variety of opportunities for California’s dairy industry to be profitable for the long-term, including the pivotal role that processors will play in the future of the industry.
“The time really has come for California’s dairies to make some necessary and long overdue changes that bring the industry more inline with a free market system,” businesses and the agriculture industry. With nearly 120 retail branches, we serve the needs of communities from Redding to the Imperial Valley through a regional structure that promotes local decision-making and active community involvement by our employees.
Rabobank N.A. is a division of the Rabobank Group, the premier lender to the global food and agricultural industry and a financial services leader providing commercial, retail and agricultural finance solutions in 48 countries around the world. From its century-old roots in the Netherlands, Rabobank has grown into one of the world’s largest and safest banks. www.rabobankamerica.com
About Rabobank Group
Rabobank Group is a global financial services leader providing wholesale and retail banking, leasing, real estate services, and renewable energy project financing. Founded over a century ago, Rabobank is one of the largest banks in the world, with nearly $1 trillion in assets and operations in more than 40 countries. Rabobank is a premier bank to the global food, beverage and agribusiness industry, and has been financing leading food and agribusiness companies across North America for over 30 years. Rabobank’s Food & Agribusiness Research and Advisory team is comprised of more than 80 analysts around the world who provide expert analysis, insight and counsel to Rabobank clients about trends, issues and developments in all sectors of agriculture. Rabobank is also a leading financial partner to the renewable energy sector worldwide, providing financing for wind, solar and biomass energy projects in North America and other international markets. www.Rabobank.com