MISSISSAUGA, ONTARIO--(Marketwired - March 31, 2016) - At its March 30, 2016 Board meeting, the Dairy Farmers of Ontario ("DFO") Board approved the new pricing regulation, effectively implementing a new class for dairy ingredients.
"Ontario's ingredients program is expected to strengthen the industry and stimulate much needed investment," said Ralph Dietrich, DFO Board Chair. Mr. Dietrich further noted that one of the primary objectives of the Ontario ingredients program is to competitively position the ingredients listed in Class 6 for dairy processing. "Current industry and market conditions have only reinforced the fact that new investment in ingredient capacity is an absolute necessity. This new pricing will go a long way to make that happen."
Mr. Dietrich thanked the Ontario Farm Products Marketing Commission and the Ontario Ministry of Agriculture, Food, and Rural Affairs for their support and assistance with making the necessary regulatory changes.
"This is an important step for the Canadian dairy industry to modernize its current infrastructure. It will position our industry to be more competitive. While Ontario has taken a leadership role, it is important to have a national ingredients program. DFO is hopeful that compromises can be found to allow all provinces to have an ingredients program in the near future," said Peter Gould, DFO CEO and General Manager.
The Manitoba Dairy Farmers have recently announced that they will be adopting the Ontario Program in August 2016.
DFO is working with the Ontario Dairy Council and scheduling on-going processor orientation and training meetings to review changes to milk and ingredient utilization reporting arising from the implementation of the new class.
About Dairy Farmers of Ontario
Dairy Farmers of Ontario, a not-for-profit organization, is proudly owned and operated by Ontario dairy farmers. It is the marketing group for the largest sector of Ontario agriculture.
Website www.milk.org
Twitter @DairyOntario
Contact Information:
Graham Lloyd
General Counsel & Director of Communications
Mobile: 647-459-2943
Graham.Lloyd@milk.org