Items Tagged with 'dairy investments'

On March 2, USDA announced an additional investment of $80 million in the Dairy Business Innovation (DBI) Initiatives. 

The investment will allow the two St. Marys-based processors to expand and update operations.

The rapidly growing company has its sights on disrupting the dairy industry.

With raw milk prices low and demand for cheese, yogurt and other dairy foods high, America’s dairy processors are opening up their checkbooks to buy new equipment. A survey by BNP Market Research (Dairy Foods’ research arm) found that 56% of dairy processors are buying equipment this year and 60% plan to buy in 2017. 

Agropur, the Canadian dairy cooperative with operations in the United States, grew its investment in machinery and equipment by 75% in the last year.