2012 a good year for AMPI
Associated Milk Producers Incorporated (AMPI) annual meeting in Bloomington, Minnesota last week reported sales of $1.7 billion and earnings of $9.3 million in 2012. AMPI’s core products were the cooperative’s top performers in 2012. Cheese production, which represents 57 percent 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.
A renewed focus on cheese, butter and powder prompted AMPI to sell its Cass-Clay plant and brand in Fargo, North Dakota and its cheese sauce and pudding business in Dawson, Minnesota. Those two operations accounted for about five percent of AMPI’s total revenue.
AMPI cooperative is owned by 2,900 dairy farmers in the Upper Midwest.
Notify me of new posts by email.
Subscribe for our newsletter today and recieve relevant news straight to your inbox!