CWT Increase Investment

News Editor

cwtlogoThe members of Cooperatives Working Together (CWT) have endorsed a larger investment in the farmer-funded self-help program, voting to enhance the membership requirement from 2¢ per hundredweight to 4¢ per hundredweight, effective July 1, 2013, and running through December 31, 2015.

The additional investment will cover the large increase in CWT member requests for export assistance in 2013, driven by increased demand in world dairy markets for U.S. American-type cheeses, butter, whole milk powder, and anhydrous milkfat.

“Because of increased activity in 2013, the members decided to enhance CWT’s revenue base in order to continue to successfully compete in world markets this year, and into the future,” said Jerry Kozak, President and CEO of the National Milk Producers Federation (NMPF), which manages CWT.

Since the start of 2011, the CWT Export Assistance program has helped member cooperatives sell 257.7 million pounds of American-type cheeses and 111.5 million pounds of butter to 39 countries on six continents.

Source: Cooperatives Working Together