Senior Vice President and Chief Operating Officer, Beverage and Dairy Foods. They are a West Virginia Century Farm. He is also responsible for financial management, reporting and budgetary oversight across the organization, identifying potential risks to the business and providing recommendations for strategies to minimize those risks. The organization is run for producers, by producers. They also farm 1,200 acres, raising all their own forage and farming corn, soybeans, hay and timber. Make sure the dairy you buy comes from Canadian farms and supports our farmers. He serves as a DFA representative on the Greater Southwest Agency board. The remainder of the gain on the sale is treated as a long-term capital gain. Doug is chairman of the Central Area Council and a member of DFAs Executive Committee. DAIRY FARMERS OF AMERICA Richmond, IN Posted: March 04, 2023 Full-Time Job TitleMaintenance Manager LocationRichmond, Indiana Description The Maintenance Manager provides leadership and direction to plant maintenance function of a 24-hour, 7 day a week operation. In this role, he oversaw U.S. milk marketing across DFAs seven Areas and the global marketing and operations of DFAs Ingredient Solutions Division, as well as several other business divisions. Since joining DFA in 2008, Jackie has led the Cooperatives public policy efforts and has played an active role in member services and community initiatives. Dairy Bill is an active member of the community, coaching eighth grade basketball. He also sits on the National Dairy Promotion and Research Board and is a proud grandfather. A merger between Dairy Farmers of America and Dean Foods could impact hundreds of thousands of dairy . @@@@@@@@@AAABBAA@@AABBAAAA@@AAAAAAAACCCCCCCCCCBBBBCCBBA@@@AA@@AAAABBBBBBBBBBBBBBBBBBABBBBBBAAAABBBBCCCCCCCCCDDDDDDDDDDDDDDDDCCCCCDDDCCCCCBBACCDDDDEEDDDDDDDDDDDDDDDDCCCCCCCCCCCCCCCCCCCDDEEEGGFFFFGGFFFFFFFFGGGGGGGGGGGGGGGGHHGGGGFFGGGFEDDDFFFFFFFFEEEEEEEEEEEEEEEECDDEEDDCCBBBBAAA@@@@@@@@?>======<== ! Switch your location and language to explore all of our resources. A partial sale option can be used by selling some assets that are not critical to the core business activity(ies), especially if they are not generating income. In her current role of vice president leading the Ethics and Compliance Department, she is responsible for promoting a culture of integrity and ethical decision-making throughout the organization. The organization was renamed "Dairy Farmers of Canada" in 1942. Brian and Ranell have four children. This new facility in Michigan under the same JV partnership is a continuation of that success." We will attempt to explain some of the potential tax liability issues that may arise when selling dairy farm assets as there are significant tax consequences that need to be managed. The group represents dairy farmers living on over 10,000 farms across Canada. Currently, he and his wife, Jennie, have help from their three sons and their families on the operation. Originally called the Canadian Federation of Milk Producers, it was part of the National Dairy Council (an organization representing dairy processors). Its a shared purpose we all believe strongly in.. DFC members include dairy farmer organizations from all the Canadian provinces. funds and accumulating patronage-based capital that also qualifies for single tax treatment. Read article. Dairy farmers are having to consider a number of life changing decisions that they never thought would come. Central. David, in partnership with his brother and son, milks 500 cows and grows grass and corn silage on 1,100 acres. Angela works with these groups to grow and develop leaders at every level who deliver excellent business and people outcomes; attract and hire industry talent; and deliver optimal workforce productivity and performance through effective and efficient teams, structure and employee and labor relations. It is important to understand that there are different types of taxes and each will have its own set of code or rules and associated tax rates. %PDF-1.4 % Martin joined DFA in 2018 after a 25-year career with Fonterra Co-Operative Group and other New Zealand dairy cooperative companies, where he most recently directed a joint venture partnership, expanding Fonterras global strategy and footprint in Russia and CIS markets. Paul and his wife, Sonya, are third-generation dairy farmers milking 3,800 cows in Californias central valley on three different dairies. He is also manager for the Greater Southwest Agency board. 683 0 obj<>stream Sandy operates Stauffer Farms in partnership with his two sons. He is the vice president of Evansville Young Dairymen. Haul manure? Randy and his wife, Jan, operate Mooney Dairy in Rogersville, Mo. She formerly served as a delegate and Southeast Area Young Cooperator Steering Committee member. In 2010, Randy received the Missouri Dairy Hall of Honors Foundation Dairy Leader Award, and in 2011, he received the Missouri Governors Award for Agricultural Achievement. In his current role as chief operating officer of the Central Area, Jon is responsible for the overall business operations of the Area. Prior to joining DFA, Alex was general counsel of a global business unit at General Electric Capital. In his current role as chief operating officer of the Southeast Area, Brent is responsible for the overall business operations of the Area. Travis milks 990 cows in partnership with nine family members on their 2,500-acre operation, Stonyvale. Pete is in partnership with his two brothers milking 2,500 cows and farming 1,700 acres of alfalfa, corn and rye at Hillside Dairy, which has been in business for over 100 years. Larkin operates Oakmulgee Dairy in partnership with his two sons, Jeremy and Brandon, who are both active in DFAs Young Cooperator program. 14% of Dairy Farmers of America employees are Hispanic or Latino. If you would like to help, donate to DFA CaresHERE. Jerrel and his wife, Alma Jean, have been dairying since 1984 on the farm started by her grandfather. Breeding cows, bulls and horses are an exception and must be held two years to generate long-term capital gain. 0000002160 00000 n Prior to coming to DFA, he spent 15 years with Dean Foods, holding several positions, including regional chief financial officer and vice president of finance for the Fresh Dairy Direct Division. Doug farms 2,500 acres of corn, soybeans and alfalfa, milks 250 cows and finishes about 2,000 Holstein steers each year with his three sons. <]>> Dairy farmers are having to consider a number of life changing decisions that they never thought would come. Raised breeding livestock such as cows and bulls that are older than 24 months of age are assets defined in IRS U.S. Code Sect 1231. Six robotic milkers and an automatic calf feeder are currently used on the third-generation dairy. He joined Mid-America Dairymen in 1991 and assumed the position of vice president of contract manufacturing and business development after Mid-America Dairymen merged with DFA. She also oversees the internal complaint reporting program and investigations into ethics and compliance concerns. stream Bruce currently serves as a director on the Pennsylvania Dairy Promotion Program board. Website. He fosters an environment where people are engaged and empowered to deliver on our mission to deliver value to our family farm-owners as a global dairy cooperative. In addition to his duties as second vice chairman of DFAs Board of Directors, Dan is a member of DFAs Executive Committee, a member of the National Milk Producers Federation board and is the chairman of DFAs Southwest Area Council and the Greater Southwest Agency. Divided into seven geographic Areas, our grassroots structure ensures every member is represented through elected farmer-leaders at all levels of Cooperative governance. In 2010, Brian received the Indiana Dairy Producer of the Year Award. This includes leading enterprise-wide efforts to ensure compliance with applicable laws, regulations, and policies. In 2020, Larry was named chairman of the U.S. Additionally, the Krebs raise 350 beef cows and 160 sheep. He began managing the dairy in 1980 and introduced three younger partners to the business in 2013. His responsibilities include oversight of DFAs Cooperative-owned transportation fleet, leading milk marketing activities and business operations management and management of Mountain Area Council operations. In 2017, Danelle was recognized in Ingrams magazine 40 Under Forty list. At Dairy Farmers of America, our diverse network of family farms are located all across the country. Todd serves as the DFA Northeast Area Council vice chairman and as a director for the Greater Rochester Health Foundation. Once you begin to consider getting out of dairy farming you need to communicate with your lender. In addition, I would like to thank the State and City authorities for their continued support and of course our great partners, DFA & Select Milk Producers. , Rance Miles, CEO of Select Milk Producers said, This partnership began two decades ago with the creation of the Southwest Cheese JV by bringing dairy farmers, processors and local communities together to achieve beneficial results for all. 816-801-6455. . From accountants and HR professionals to food scientists, drivers, on-farm field staff, machine operators and more, our employees each play a critical role in supporting our family farmer-owners. DFA's business profile benefits from the substantial national scale as the largest U.S. dairy cooperative and its integral market position in the dairy supply chain based on DFA's expansive logistics, distribution and commercial processing capabilities that connect key customers and farmers. It has been particularly devastating for dairy producers as milk prices and profit levels have remained low. In May 2020 that deal was finalized and the acquisition was completed. Additionally, Gary serves as president of the California Creamery Operators Association. In her free time, Kristine enjoys photography, playing piano and singing. This grassroots structure is overseen by a 48-member Board of Directors. They milk on four dairies, approximately 350 cows on each, and raise all of their own replacement heifers. @@AAAAABCDCBABCBBBBBBBBBBBBBBBBBBBBBBCDCCCCCCCCBBBBBBBBCCCCCCCCCCCCCDDDCCCCCCCCDDDDDDDDEEEEEEEEEDDDDCCCBBBBBCDDDDDCCCCCDDDDEEEEFFFEEEEEFFFFFFFFGGGGGGGGFFFFFFFFFFFFFFFFFFFEEEEEEEEEEEEEEDDDDCCCEEEEEEEEDDEEEEDDCCCBBBBBBBA@?>==@?>= !!" Executive Vice President and Chief Financial Officer, As executive vice president and chief financial officer, Kevin is responsible for all finance and accounting functions, along with information technology and internal audit, and works closely with operating divisions on financial matters. Dairy Farmers of Canada invests in scientific research to foster innovation in the Canadian dairy sector. startxref John milks 180 cows on 675 acres on his farm in Saint Henry, Ohio. For 2022, Fitch projects DFA's EBITDA around $540 million, slightly lower than 2021, reflecting inflationary cost pressures. The sale of buildings and improvements with a 20-year depreciable life or longer are covered by IRS 26 U.S. Sect. She currently sits on the board of The Childrens Place, a non-profit organization providing support to children and families within the Kansas City community that have experienced traumatic events. And because our Cooperative is owned by our farmers, they're personally invested in every product, decision and step we take as an organization. Buster is also a member of DFAs Executive Committee. The Woelbers were named New Mexico Farm Family of the Year in 2014 and were honored with the VIVA Award from the New Mexico Association of Commerce and Industry in 2006. Bryan is the secretary of the Mideast Area Council and a board member of the Dairy Marketing Program Scholarship Committee at Michigan State University. Previously, he served as senior vice president of human resources, where he held strategic responsibility for the human resources function, with a primary focus on shared services. Have courage to look to a new future with new challenges. Dairy Farmers of Canada, all rights reserved 2022 , Search in Dairy in Canada and Canadian Goodness, Dairy Production Research Funding Program, A Brighter Future Through Energy Efficiency. In partnership with his wife, Teresa, their son, Brandon and his wife, Rachel, Bruce milks 50 cows and grows corn, soybeans and alfalfa on 350 acres. On this Wikipedia the language links are at the top of the page across from the article title. Martin has extensive global experience in the dairy industry, including global operations and manufacturing, customer and government relations and global extended supply chain and optimization across a wide range of cultures and geographies including Asia, the Middle East, Africa, Europe and the Americas. Jon has spent his entire career in the dairy industry with more than 30 years in dairy plant processing and sales, including working for Kroger and Hiland Dairy. KANSAS CITY, Kan., Sept. 15, 2022 /PRNewswire/ -- Dairy Farmers of America (DFA), a national dairy cooperative with more than 11,500 family farmers, has been selected to receive up to $45 million . Executive Vice President, Chief Administrative Officer, and Secretary. If your local Extension has Farm Management agents/educators, they may also be available to help answer some questions, explain the potential issues and provide analysis of the situation. Dairy Farmers of America. Now in its fourth. She also oversees the Cooperatives innovation efforts, includingDFAs CoLAB Accelerator and investments in ag-tech and dairy food startups. 2) you are divesting of assets they feel are pertinent to the continuation of the business not allowing the farm to produce the cashflow necessary to pay the loans back. Jerrel is active in dairy promotion and other dairy-related boards. Byron has served on Midwest Dairys division board since 1998 and on its corporate board for more than 10 years. 681 13 /BitsPerComponent 8 The gain is considered depreciation recapture and taxed as ordinary income (self-employment tax is not initiated with 1245 property) as long as the sale price is less than the purchase price. Dairy. All three of Melvins sons work on the 1,600-cow dairy, with his two oldest also owning their own dairies. In determining the site for the new facility, St. Johns was selected due to the growing supply of milk in the region, the transportation infrastructure in the region, proximity to customers, and the positive business environment and strong local workforce reputation in the region. Together with their two daughters and son, they milk 80 dairy cows and own and operate 5,000 acres. Last edited on 13 February 2023, at 03:37, "Provincial and National Dairy Organizations", "Number of farms, dairy cows and dairy heifers", "Federal government provides $2.7M in funding to Dairy Farmers of Canada", "Dairy Farmers of Canada unveils new logo", https://en.wikipedia.org/w/index.php?title=Dairy_Farmers_of_Canada&oldid=1139055627, This page was last edited on 13 February 2023, at 03:37. The sale of both raised breeding livestock and purchased breeding livestock as well as other assets can create two different types of capital gain (short-term or long-term), each have very different tax consequences. Michigan State University Extension programs and materials are open to all without regard to race, color, national origin, gender, gender identity, religion, age, height, weight, disability, political beliefs, sexual orientation, marital status, family status or veteran status. It is a member of the non-profit Canadian Federation of Agriculture.