According to VegNews, Fonterra, the world’s largest dairy company, reported its first-ever
annual profit loss this month.
annual profit loss this month.
The New Zealand-based company, which admitted
to misleading farmers with unrealistic financial estimates, posted a $130
million loss in 2017 to 2018.
to misleading farmers with unrealistic financial estimates, posted a $130
million loss in 2017 to 2018.
Fonterra is a collective that purchases milk
and other dairy products from farmers in New Zealand and then sells them to
foreign companies. This is the first time Fonterra has reported a profit loss
in its 17-year existence.
and other dairy products from farmers in New Zealand and then sells them to
foreign companies. This is the first time Fonterra has reported a profit loss
in its 17-year existence.
But Fonterra isn’t the only one. Dairy
companies all around the world are seeing their profits drop. Earlier this year
Dean Foods, America’s largest dairy company, made headlines after it closed an Illinois facility, citing a decline
in consumption. The company best known for manufacturing, marketing, and
distributing dairy-based products such as DairyPure and TruMoo predicts more
closures as consumers ditch dairy products in favor of plant-based options.
companies all around the world are seeing their profits drop. Earlier this year
Dean Foods, America’s largest dairy company, made headlines after it closed an Illinois facility, citing a decline
in consumption. The company best known for manufacturing, marketing, and
distributing dairy-based products such as DairyPure and TruMoo predicts more
closures as consumers ditch dairy products in favor of plant-based options.
Also this year, Dean Foods issued a notice to
dozens of dairy suppliers that it would not renew their contracts after May 31 because
lack of consumer demand had resulted in overproduction of dairy milk. And most
recently, the company announced a plan to shift focus to its
plant-based brands, particularly the vegan flax-based milk and
yogurt label Good Karma Foods.
dozens of dairy suppliers that it would not renew their contracts after May 31 because
lack of consumer demand had resulted in overproduction of dairy milk. And most
recently, the company announced a plan to shift focus to its
plant-based brands, particularly the vegan flax-based milk and
yogurt label Good Karma Foods.
What’s more, food giant Danone, famous for its
yogurt, recently invested nearly $60 million in a plant-based beverage
facility in Mount Crawford, Virginia. Danone also dropped its animal-based dairy brand Stonyfield. And Elmhurst Dairy in Queens, New York, closed its
doors after 90 years in business and switched to making plant-based milks!
yogurt, recently invested nearly $60 million in a plant-based beverage
facility in Mount Crawford, Virginia. Danone also dropped its animal-based dairy brand Stonyfield. And Elmhurst Dairy in Queens, New York, closed its
doors after 90 years in business and switched to making plant-based milks!
According to a 2013 USDA report, milk consumption has been on the decline for decades,
with each generation consuming less milk than the one before. In fact, CBS New York reports that fluid milk
consumption has fallen a whopping 37 percent since 1970.
with each generation consuming less milk than the one before. In fact, CBS New York reports that fluid milk
consumption has fallen a whopping 37 percent since 1970.
A recent survey from agribusiness giant
Cargill reveals that half of U.S. dairy consumers also use vegan dairy
alternatives. With so many dairy consumers using plant-based
alternatives, the dairy industry is losing a significant portion of its
business.
Cargill reveals that half of U.S. dairy consumers also use vegan dairy
alternatives. With so many dairy consumers using plant-based
alternatives, the dairy industry is losing a significant portion of its
business.
While dairy consumption continues to decline
and farmers are forced to turn to other industries, the plant-based market is
thriving. A 2017 report by the Plant Based
Foods Association and The Good Food Institute shows a more than 20
percent increase from the previous year in purchases of dairy alternatives, such as vegan cheese, ice cream, and yogurt, for a total of over $700 million in
sales.
and farmers are forced to turn to other industries, the plant-based market is
thriving. A 2017 report by the Plant Based
Foods Association and The Good Food Institute shows a more than 20
percent increase from the previous year in purchases of dairy alternatives, such as vegan cheese, ice cream, and yogurt, for a total of over $700 million in
sales.
The global decline in dairy consumption is
great news for cows, who are treated as mere milk-producing machines, forcibly
impregnated, and kept in terrible conditions. Shortly after calves are
born, they are torn away from their mothers. Male calves are killed for veal.
Females are forced into the dairy herd, trapped in a cycle of abuse for years
until they are considered “spent and sent to slaughter.
great news for cows, who are treated as mere milk-producing machines, forcibly
impregnated, and kept in terrible conditions. Shortly after calves are
born, they are torn away from their mothers. Male calves are killed for veal.
Females are forced into the dairy herd, trapped in a cycle of abuse for years
until they are considered “spent and sent to slaughter.
Heartbreaking, right? Just watch this
undercover video from a Mercy For Animals investigation.
undercover video from a Mercy For Animals investigation.
Fortunately, you can avoid contributing to
this cruel industry (and drinking pus) by adopting a compassionate and healthy vegan diet. Order your FREE Vegetarian Starter Guide to find
out how.
this cruel industry (and drinking pus) by adopting a compassionate and healthy vegan diet. Order your FREE Vegetarian Starter Guide to find
out how.
And check out this list
of dairy alternatives and our Pinterest
page for thousands of recipe ideas!
of dairy alternatives and our Pinterest
page for thousands of recipe ideas!
