Horizon Organic extends $2 market adjustment premium through September
Horizon Organic® extended a short-term market adjustment premium (MAP) for its more than 600 family farmers, who continue to experience high input costs. The $2/cwt. MAP, set to expire at the end of June, will now run through Sept. 30, 2012. The extension also includes an additional MAP that was implemented last fall.
Both temporary MAPs were based on market conditions, including increased consumer demand for organic milk and feed costs, which remain high compared to historical levels.
“While organic milk supply shortages have moderated since earlier this year, we continue to monitor the marketplace and want to ensure the long-term health and sustainability of the organic dairy industry and our more than 600 family farmers,” said Ronald D. Schnur, vice president of Horizon dairy supply and operations. “We believe the temporary MAP extension will further help our farmers, who continue to face high costs on their organic dairy farms.”