Grafton Village Cheese to pay local milk suppliers a special premium while milk prices are low

first_imgGrafton Village Cheese Co., makers of award-winning, handcrafted Vermont cheddar cheese, announced today it will begin paying its local milk suppliers a special premium while milk prices are below the cost of production. The Company is working in concert with its two milk co-ops Agri-Mark and DMS, both of which have given Grafton Cheese permission to send checks directly to the farmers.Grafton Village Cheese is a major business of the Grafton, Vermont-based Windham Foundation whose mission is to promote Vermont s rural communities. All of the milk used for Grafton Cheese is from Vermont family farms, located primarily in southern and central Vermont. As a high quality Vermont cheddar cheese producer, we depend upon milk from Vermont dairy farms, and we are very concerned about the viability of our Vermont dairy farmers at a time of extremely low milk prices, said Adam Mueller, President of Grafton Village Cheese. Consequently, we are working with our milk suppliers to provide farmers in southern and central Vermont an additional premium for the milk they provide to our Grafton Village Cheese plants in Grafton and Brattleboro.Starting in April, while milk prices are below cost of production, Grafton Cheese will pay farmers an additional premium based on the butterfat, protein and somatic cell content of the milk. As the class three milk price increases the premium will decline on a sliding scale, becoming zero when milk price reaches $20/cwt.Grafton Cheese already pays significant quality premiums and handling costs for its milk to its co-ops. This new initiative is an additional premium that will be mailed directly to the farmers by Grafton Cheese.About Grafton Village CheeseThe Grafton Village Cheese Company, located in Grafton and Brattleboro, Vermont, handcrafts artisanal cheddar cheese. The company was founded in 1892 as the Grafton Cooperative Cheese Company, which converted surplus milk from local dairy farmers into cheese. Years later, a fire destroyed the original factory. When the Windham Foundation restored the company in the mid 1960s, a new era for the town was born. Today, quality and taste continue to serve as the hallmark of Grafton cheddar. As part of the nonprofit Windham Foundation, much of Grafton Cheese s annual earned income funds the Foundation s charitable programs. More information on Grafton Village Cheese Company can be found online at graftonvillagecheese.com.last_img read more

U.S. Covid cases could near zero in 6 months, UBS economist says

first_imgThe United States has experienced more than 10 million Covid-19 cases since the pandemic started. The country has seen record highs this week in terms of coronavirus hospitalizations and daily infections, with 153,496 cases on Thursday, according to Johns Hopkins University.This comes as speculation mounts on whether the U.S. economy will be shut down once again. An advisor to President-elect Joe Biden has said that closing businesses for four to six weeks could help reduce the number of infections and get the economy on track until a vaccine is approved and distributed.With cases surging in Chicago, Mayor Lori Lightfoot asked residents on Thursday to cancel Thanksgiving plans and stay indoors. – Advertisement – LONDON — The latest coronavirus vaccine developments have brightened the outlook for the U.S. economy, with UBS economists boosting their GDP forecasts for the country. Pfizer and BioNTech announced Monday that their Covid-19 vaccine was more than 90% effective in preventing the infectious disease. The announcement fueled optimism that the pandemic could come to an end sooner rather than later, driving up stock markets globally.- Advertisement – UBS had originally estimated that the number of coronavirus infections in the U.S. would approach zero by the end of 2021, but the vaccine news has made the bank bring that forecast forward by six months.“We might get a situation where reported cases of Covid in the United States fall very close to zero in Q2 (second quarter) of next year. That six month difference, that two-quarter difference matters a lot, it means an extra 1 to 1.25 percentage point gain in GDP next year,” Seth Carpenter, chief U.S. economist at UBS, told CNBC’s Joumanna Bercetche on Thursday.He added that the vaccine news “was very encouraging” because the efficacy rate came in much higher than analysts were anticipating.- Advertisement –center_img – Advertisement – Carpenter’s comments differ to the caution portrayed by experts such as White House coronavirus advisor Dr. Anthony Fauci. He warned on Thursday that a vaccine may not be enough to help eradicate the disease.“I doubt we are going to eradicate this. I think we need to plan that this is something we may need to maintain control over chronically. It may be something that becomes endemic, that we have to just be careful about,” he said.Fiscal supportThe performance of the U.S. economy in 2021 will also depend on how much fiscal stimulus is approved. Talks between Democrats and Republicans have not yielded a deal, and there’s more uncertainty in the aftermath of the presidential election.Carpenter believes U.S. policymakers will disappoint markets by providing a lower-than-expected support package.“We are actually a little bit pessimistic here relative to where the market is, so we have written down about a $450 billion package that comes in Q1 (first quarter) next year,” he said. In speaking with clients, he said markets are expecting $1 trillion in fiscal stimulus.UBS assumes that Republicans will retain control of the Senate. If the Senate were to be led by Democrats, the bank believes the stimulus could be near $1 trillion.Correction: An earlier version misstated the amount in the first U.S. fiscal stimulus package.last_img read more

Defoe has been ‘phenomenal’ but his time with England ‘has probably just gone’

first_imgJermain Defoe is unlikely to get called up to England’s Euro 2016 squad because ‘his time has probably just gone’, according to former Southampton hero Matt Le Tissier.It was announced that Roy Hodgson will now name his squad for the tournament on Monday (May 16) and Defoe has been tipped as a late contender.The Sunderland striker is in red-hot form this season, scoring 18 goals in 33 appearances and he has vast experience on the international stage. The 33-year-old has 55 Three Lions caps to his name, the most recent coming in November 2013.“Fifteen [Premier League] goals this season in a team that’s struggled and not created that many chances – it’s a phenomenal achievement,” ex-England striker Le Tisser told the Alan Brazil Sports Breakfast.“He’s only beaten that once before in his career.“Is it going to be enough to get him in the squad? I probably think not because of [Harry] Kane, [Jamie] Vardy and [Wayne] Rooney.“I think they are the ones in pole position and I think Jermain’s time has probably just gone.”Should Defoe go to the Euros? If yes, in place of who? Comment with your thoughts, below…last_img read more