Groups representing organic dairy farmers in the Northeast said Danone North America, owner of Horizon Organic, needs to do more to cushion farmers against its decision to pull out of the region. Danone said it would extend contracts with 89 dairy farmers for an additional six months, provide a transition payment to the producers, and explore "co-investment solutions" with state and federal officials.
Global food company Danone has given a year's notice to 79 organic dairy farms in the Northeast that it will stop buying their milk on Aug. 31, 2022. The decision is just the latest squeeze on organic dairy producers, who face rising costs and pressures to consolidate.
One of the nation's best-selling brands of organic milk puts an oil derived from algae grown in a factory into some of its milk as a nutritional enhancement, says the Washington Post. "Rich in Omega-3 fatty acids, the oil allows Horizon to advertise health benefits and charge a higher price," the paper said.
Miller Milling Co, subsidiary of Tokyo-based Nisshin Flour Milling Inc, announced the purchase for $215 mln of four mills from Horizon and ConAgra that will turn Miller into the fourth-largest U.S. miller.