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The compact created a Northeast Dairy Compact Commission, based in Montpelier, Vermont, charged with setting prices and regulating bulk milk handlers.From 1997 until its expiration on September 30, 2001, the Northeast compact required processors in the region to pay dairy farmers at least $16.94/cwt. for farm milk used for fluid consumption.
Still, the number of Vermont dairy farms has declined more than 85% from the 11,206 dairy farms operating in 1947. In 2003 there were fewer than 1,500 dairy farms in the state; in 2006 there were 1,138; in 2019 there were 658. [7] The number of dairy farms has been diminishing by 10% annually. [8] 80% of open land is controlled by dairy farms ...
These purchase prices are set high enough to enable dairy processors to pay farmers at least the support price for the milk they use in manufacturing these products. The 2002 farm bill (P.L. 107-171, Sec. 1501) mandated a support price of $9.90/ cwt , effective through December 31, 2007, when the program by law was scheduled to expire.
1957 saw a regulatory battle between the companies and the New York State Department of Agriculture and Markets for the right to sell the company's own milk in its own stores. It was resolved in Stewart's favor, and as a result of this vertical integration, retail milk prices in the stores dropped by 25%. [4]
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In 2011, the Vermont Attorney General's office alleged that some Cabot products made in 2009 and 2010 could not be certified as free of rBST, a hormone that causes cows to produce more milk. Cabot settled with the state, agreeing not to make such representations, to pay a $65,000 fine, and to donate $75,000 worth of dairy products to local food ...
Michael J. Fox didn't have to travel back in time to buy this farm in South Woodstock, Vt., built in 1817. But he did own it briefly starting in the late 1980s. Now, it can be yours for $2.75 million.
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