Oh no! Not...
Damn Almonds.
Got Milk?
no I guess not
This private equity firm will presumably take a bath:
https://en.m.wikipedia.org/wiki/ACON_Investments
Wonder what will happen to Daisy?
Lactose intolerant?
I’ll be pouring half& half into my coffee until my dying day.
I like butter too.
The big grocery chains operate their own milk plants nowadays.
Struggling dairy farmers building a future with hazelnuts, specialty milk, and creative thinking
While milk consumption is down cheese consumption continues to rise and is projected to rise.
They could expand their business if they started producing cheese.
Wow, another American company gone. When I was a boy, I enjoyed walking past the Borden bottling facility in San Francisco’s Mission District. It was huge, taking up a whole block, with large glass windows facing the street so all can see the thousands of bottles on conveyer lines being filled and capped. We also had them delivering milk bottles to our house, lots of Borden delivery vans and trucks everywhere. Now most factories, warehouses and rail freight lines are gone from the Mission District. Things back then were made here, now it comes from China.
That is SO sad!
this ocudl very well be due to the onslaught of envirowackos claiming cows fart and are bad for climate change- self righteous posers likely switched from drinking milk to soy milk or almond milk as a result-
Liberals- ruining EVERYTHING they touch!
In short, almond, soy and oat milk producers are going to be in high demand.
Just wait, there will be some corporate culture thing at the root of this. Guaranteed some Wall Street hedge fund games are afoot.
This is a growth market for export.
Milk consumption drops, cheese on the rise
Consumption of fluid milk is declining steadily in Finland, but cheese consumption is on the rise, outpacing that in many other European countries. Meanwhile sales of oat-based and other non-dairy milk products are also strong, but no precise statistics are so far available.
According to the Dairy Nutrition Council, the average Finn consumed 110 litres of cow's milk last year. Various comparative studies suggest that this was just behind Ireland, with Belarus, Cyprus, New Zealand, Australia, Estonia, the UK and Canada also heavy consumers.
My kids would drink 5 gallons od milk per week. Now in college, 1 is an All American, the other still holds the high school wrestling record for most wins in a career at 128.
2% Milk killed the industry.
Whole milk tastes great. 2%, 1% and skim suck badly. The Feds’ scientifically unsupported war on fat killed another industry.
Interesting. Thanks for posting. Is it because white milk is rayciss?
I have a friend that this year turned 80 acres on what they always planted tobacco, to hemp. I found out that Tobacco normally sells at $2 a pound and Hemp buds (CBD dense) at about $1.75. They lined up a large list of companies to buy the stuff and invested $700,000 in the operation.
So, fast forward to today. Every single one of the buyers went bankrupt. They have zero buyers for their CBD rich hemp. Zero.
They are scrambling to find some.
The problem is that apparently everybody went all in on hemp and the market is at least temporarily flooded with the stuff. Their bankrupt buyers seem to have invested all their money in product pipelines and forgot to keep some money aside to actually buy the stuff once it came in. Or something like that.
Anyway, farming is risky.
Taking on mountains of debt to expand and diversify is always risky.
Without perfect execution, good timing and luck...you’re eventually dead meat hanging.