DFC Statement on Farmgate Milk Pricing

Oct 17, 2023

Ottawa– Each year, the Canadian Dairy Commission (CDC) reviews the cost of production data using an established formula to assess whether there is a need for a price adjustment of milk at farmgate, the price allocated to dairy farmers. The CDC consults industry stakeholders in making its final decision. This year, the calculations support a price adjustment of 1.77%, but dairy farmers recommend that this adjustment be delayed.

“Dairy farmers and their families are also consumers and experience the high cost of food these days. Recognizing the current level of food inflation and in solidarity with all Canadians, we have recommended the Canadian Dairy Commission delay its application of the price adjustment on milk until further notice," said DFC President David Wiens.

“That said, the price consumers pay for dairy products is ultimately determined by other players in the supply chain. Our hope is that our decision will result in other actors maintaining the price of dairy products at a time when food inflation hovers around 9%,” added Mr. Wiens.

Source : Dairy Farmers of canada

Video: What If Everything You Knew About Feed Inventory Was Wrong?

AI, Agriculture & the Future of Smart Farming with BinSentry CEO Ben Allen. Every day, livestock producers make thousands of dollars' worth of decisions based on one simple question: How much feed is actually left in the bin? For decades, the answer has often been an estimate.

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In this interview, you'll discover:
Why feed inventory has remained one of agriculture's biggest blind spots
How AI is reducing costly feed outages, waste and unnecessary deliveries
The hidden safety risks of traditional bin inspections
What separates successful ag technologies from those that never gain adoption
How connected farms are changing decision-making for producers, feed mills and integrators
Why real-time inventory may become as important as precision planting and autonomous equipment

Whether you're a livestock producer, grain farmer, feed manufacturer, ag retailer, nutritionist or simply passionate about the future of agriculture, this conversation offers valuable insights into where the industry is headed.