AMPI Annual Profits Announced 27 Mar 13

New Ulm’s Associated Milk Producers Incorporated has announced the co-op’s sales for 2012 totaled $1.7-billion, with $9.3-million in earnings. The announcement came during the annual meeting of the milk marketing cooperative owned by 2,900 Upper Midwest dairy farmers. Some 350 voting delegates and guests were attending the meeting in Bloomington this week. 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 by 5-million pounds. Consumer-packaged cheese and butter represented nearly half of the cooperative’s sales. The annual meeting culminated with delegates considering resolutions and reviewing the cooperative’s legislative priorities.