Dairy Farmers of America reports 2022 net income of $108M
DFA’s net sales totaled $24.5 billion for 2022, compared to $19.3 billion in 2021, a year over year (YoY) increase of $5.2 billion or 26.8%.
Dairy Farmers of
America (DFA), a national dairy cooperative owned and governed by family farmers, reported its
financial results for the 12-month period ending Dec. 31, 2022.
The cooperative reported a net income of $107.9 million.
DFA’s net sales totaled $24.5 billion for 2022,
compared to $19.3 billion in 2021, a year over year (YoY) increase of $5.2 billion or 26.8%. The increase is a result of higher
U.S. milk prices and higher overall product prices. The average price paid to DFA farmer-owners was
$25.53 per hundredweight in 2022, compared to $18.37 in 2021.