Basis contracts could be an attractive option for many Iowa farmers (1)

Although the dairy industry is seeing success in growing partnerships to increase the demand for milk and other dairy products, the industry is also seeing its share of challenges, said Randy Mooney, chairman of the National Milk Producers Federation (NMPF), at the joint meeting of the Na­­tional Dairy Pro­­motion and Research Board (NDB) and the United Dairy In­­dustry Association (UDIA) last month.

Mooney criticized the dairy provisions in the pending House version of the farm bill. They include a new subsidy for dairy farmers that’s modeled on crop insurance, but don’t have a provision in place to limit spending when the economy slows.

"It’ll be cheap milk for processors, with taxpayers on the hook to keep the...

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