WASHINGTON, Jan. 25, 2022--The International Dairy Foods Association (IDFA) today released a new working paper entitled, Modernizing U.S. Milk Pricing: An Exploration, authored by Dr. Marin Bozic and Blimling and Associates. The study was commissioned by IDFA at the request of the IDFA Economic Policy Committee, a group of more 80 IDFA member company experts representing the full dairy supply chain. The study does not make recommendations; instead, it is a landscape overview of global milk pricing and competitiveness intended to serve as an important resource for further discussion among IDFA members regarding issues related to the Federal Milk Marketing Order (FMMO) system.
The working paper was authored by Dr. Marin Bozic and Blimling and Associates. Dr. Marin Bozic, PhD, is an Assistant Professor at University of Minnesota’s Department of Applied Economics . Dr. Bozic's research program covers dairy policy, risk management and demand for dairy foods. He’s also a principal of Bozic LLC, a company that develops and maintains livestock insurance programs for USDA Dairy Revenue Protection, Livestock Gross Margin and Livestock Risk Protection. Dr. Bozic is an advisor to several dairy trade associations, a popular national speaker on economics of dairy markets and a frequent consultant on important dairy market and policy issues. Blimling and Associates is a widely respected dairy market research and consulting firm based in Madison, Wis. Clients across the dairy supply chain and around the world rely on Blimling and its team of seasoned market experts for actionable insights and strategic support and have done so for more than 20 years. Blimling's portfolio of offerings includes timely and insightful publications, in depth research projects, educational sessions and continuous consulting support. Clients include foodservice operators, retailers, consumer packaged goods companies, farmer-owned cooperatives, individual dairy producers, industry associations including IDFA, and investment firms. Blimling and Associates is part of the Dairy.com family of companies that now includes ever.ag.
# # #
The International Dairy Foods Association (IDFA), Washington, D.C., represents the nation’s dairy manufacturing and marketing industry, which supports more than 3.3 million jobs that generate $41.6 billion in direct wages and $753 billion in overall economic impact. IDFA’s diverse membership ranges from multinational organizations to single-plant companies, from dairy companies and cooperatives to food retailers and suppliers, all on the cutting edge of innovation and sustainable business practices. Together, they represent 90 percent of the milk, cheese, ice cream, yogurt and cultured products, and dairy ingredients produced and marketed in the United States and sold throughout the world. Delicious, safe and nutritious, dairy foods offer unparalleled health and consumer benefits to people of all ages.
