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For decades, the federal government has enabled our dairy industry by subsidizing the excess production of cow's milk even as American consumers drink less of it and we face a glut of 1.4 billion pounds of cheese in storage.
Dimensional Fund Advisors, L.P. (branded Dimensional abbreviated DFA) is a private investment firm headquartered in Austin, Texas.
DFA is a great fund family with discipline and low costs. The new ETFs will have even lower costs and more tax efficiency. I expect DFA will again be gaining assets and market share as riskier small cap value stocks begin to perform as well or better than the overall market for a more sustained period.
DFA is an organization of local, family farmers from across the country, which means that we're owned by the family farmers we passionately serve. Divided into seven geographic Areas, our grassroots structure ensures every member is represented through elected farmer-leaders at all levels of Cooperative governance.
More than 97 percent of the nation's 47,000 dairy farms are family owned and operated.

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Our research shows that for a long-term investment strategy, representative funds from Dimensional Fund Advisors have outperformed on a relative basis against Vanguard.
IDFA's 2021 Economic Impact Study, which measures the combined impact of the dairy products industry, showed the U.S. dairy industry's economic impact totaled $752.93 billion. The newly released figures indicate that the U.S. dairy industry now contributes: 3.5 percent of U.S. GDP.
More than 97 percent of the nation's 47,000 dairy farms are family owned and operated.
Fair Oaks is one of the largest dairy farms in the United States. It houses 30,000 cows and produces enough milk to slake the thirst of the entire city of Chicago, which is located 75 miles to the north.
Dimensional Fund Advisors, L.P. (branded Dimensional abbreviated DFA) is a private investment firm headquartered in Austin, Texas.

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