Cooperatives Working Together (CWT) announced today that it has initiated a fourth herd retirement effort with bids being accepted from today until Saturday, March 3rd, and with cow removals to start in six weeks.
Detailed bid information can be found at www.cwt.coop, including a bid application, a calculator to help estimate a farmer’s bid, and answers to frequently-asked questions. All bids must be postmarked by Saturday, March 3rd, in order to be considered. All dairy producers submitting bids to sell their herds must be members of CWT, either through their membership in a fully participating cooperative, or as an independent member of CWT.
Bids will be reviewed in early March, with field auditors then proceeding after March 19th to visit each accepted farm to begin the cow removal process.
”All of the economic indicators and benchmarks that we monitor in order to guide CWT’s decisions show that now is the appropriate time for us to initiate this herd retirement program,” said Jerry Kozak, President and CEO of NMPF, which manages CWT.
CWT is not targeting how many pounds of milk, cows, or herds will be removed by this fourth retirement round. The final tally will be determined by the quality and quantity of the bids, Kozak said.
In this round, any producer who had his bid accepted in any of the previous three rounds is not eligible to participate again. Also, those producers who have a financial interest in more than one dairy farming operation must include all their cows in their bid. A dairyman cannot place a bid for just one of his herds, if he has an interest in multiple operations.
3 Comments on “CWT Announces Herd Retirement”
i am saving money for my retirement because i want to enjoy most of my time as an old man.~“
i am saving money for my retirement because i want to enjoy most of my time as an old man.~“
i am saving money for my retirement because i want to enjoy most of my time as an old man.~“