I guess it depends on your risk factor that you want to take? My 3 and almost 2 yr olds drink raw milk so I'm cool with it.
Anyways, if you want to pasturize it, heat it to 145F. Hold at that temp, covered for 1hr. Then make cheese. I do this sometimes, works well.
I don't think I would drink raw milk from a commercial source, but mine is from my neighbour with 2 cows, I've helped her milk, she tests all the time and has impeccable cleanliness.
Even aging 1 month, I wouldn't worry.
If, however your kids are immune suppressed at all, I would pasturize.