Cheese production grew by 11 million pounds, butter by 5 million pounds.
Associated Milk Producers Inc. (AMPI) reported today sales of $1.7 billion and earnings of $9.3 million in 2012. The milk marketing cooperative is owned by 2,900 Upper Midwest dairy farmers. AMPI dairy farmer-owners shared $10.5 million in equity payments.
AMPI’s core products were the cooperative’s top performers in 2012. Cheese production, which represents 57% of total sales, grew by more than 11 million pounds as compared to one year earlier. Butter production continued to grow steadily, increasing 5 million pounds. Consumer-packaged cheese and butter represented nearly half of the cooperative’s sales. Orders from foodservice customers represent 70% of total consumer-packaged sales.