This accelerated amount is deemed recaptured depreciation and is taxed as short-term ordinary gain. In his current role as chief operating officer of the Western Area, Gary is responsible for the overall business operations of the Area. Dairy Farmers of America, Inc. is an equal employment employer and is committed to providing employment opportunities to minorities, females, veterans, and disabled individuals. 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. Perry served on the California Milk Advisory Board and as dairy chairman for the Kern County Fair. Julie joined DFA in 2017 with 20 years of experience in internal audit, compliance and regulatory leadership roles. Edward is responsible for the overall business and profit and loss for the Beverage and Dairy Foods Division. She is responsible for all of DFAs banking and capital markets activities, as well as treasury, credit and accounts receivable, accounts payable, capital and mergers and acquisitions. The mortgagees or lien holders will have first claims on sale proceeds on the sale of the real estate. 32% of Dairy Farmers of America employees are women, while 68% are men. Options can include the sale of everything at once to partial sales or even to the sale of some items while leasing such assets as the milking herd. He is heavily involved in Dairy Management Inc. and serves on various local committees. As herdsman on Ingleside Dairy Farm Inc., Jennifer is responsible for caring for cows on the dairy and completing financial book work. Andrew joined DFA in 2012 and has since served in various roles within the Legal Department. Bartley Dairy Farm was recognized as a 2014 Dairy of Distinction by the Northeast Dairy Farm Beautification Program. Stronger asset sale values will be maintained as they will not be sold at distressed sale values. Short-term capital gains are taxed at yourordinary income tax rate for assets generally held less than a year. In her current role, she leads DFAs government affairs and industry relations and oversees the Cooperatives sustainability strategy and farm practices team. patronage retain or per-unit capital retain for the coming year may be sufficient to satisfy the new requirement. In his current role, Martin is responsible for DFAs global ingredient and food service business. Prior to joining DFA in 2015, Jeff spent 29 years with Dean Foods in various roles, including vice president of IT corporate functions. All policy, marketing, nutrition and market research activities were regrouped under the newly . Fri 15 Nov, 2019 - 5:02 PM ET. The family milks 200 registered Holsteins at Wil-San Farm and farms 300 acres, growing alfalfa and corn. Life with DFA; What is a Cooperative; Students and Graduates; . 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. He also serves as treasurer and session member of his church. A part of DFAs management team since 2007, he previously served as executive vice president of DFA and president of council operations and Ingredient Solutions. He is actively involved in his local community, serving as chairman of the Churchill County Commissioners and the Churchill Economic Development Authority. Jerrel is active in dairy promotion and other dairy-related boards. Brian and Ranell have four children. National milk marketing cooperative in the United States, For brands related to the acquisition of Dean Foods in 2020, see, List of dairy product companies in the United States, "Dairy Farmers of America: global net sales 2018", "DFA Reports Record Profits - Dairy Farmers of America", "Farm Horizons: Merger of four co-ops includes Mid-America Dairymen", "Dairylea Members Approve Merger with DFA - Dairy Farmers of America", "St. Louis Post-Dispatch Newspaper Archives", "DALLAS FIRM PLANS TO BUY SHENANDOAH'S PRIDE DAIRY", "Archive Search - PressDemocrat.com - The Press-Democrat - Santa Rosa, CA", "Dairy Farmers of America Opens the Doors of its New Kansas Headquarters", "Oakhurst Acquired by a Farmer Owned Cooperative - Dairy Farmers of America", "Dairy Farmers of America acquires sole ownership of DairiConcepts - Dairy Farmers of America", "DFA Acquires Cumberland Dairy - Dairy Farmers of America", "DFA completes $433M acquisition, with feds' blessing", "Dairy Farmers of America settles with CFTC", https://en.wikipedia.org/w/index.php?title=Dairy_Farmers_of_America&oldid=1125499210, Food and drink companies established in 1998, Agricultural cooperatives in the United States, Dairy products companies of the United States, Creative Commons Attribution-ShareAlike License 3.0. And while their family traditions vary from one farm to the next, some things are always the same like their commitment to the land, their animals and the families they feed. Alan is also a member of DFAs Executive Committee. 1405 N. 98th St. Kansas City, KS 66111 888-DFA-Milk. Have courage to look to a new future with new challenges. The business structure may play a role in the potential tax liability of the farm. (2016). Sandy operates Stauffer Farms in partnership with his two sons. Bruce is a fifth-generation farmer and has been dairying since 1980. Today, they milk 350 cows and grow their own haw and corn for feed on the farm. - Last updated on Brian owns and operates Tuleview Holsteins with his family. Kevin farms with his wife, Lisa, and his son and daughter in law, Kyle and Ashley. 1 0 obj Bartley Dairy Farm, which has been in the family since 1849, also raises its own replacements. 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. Some of the business structures include: 3) LLC (taxed as a sole proprietor or partnership). The family raises all young stock on the dairy and has incorporated a small beef operation as a result of Angus crosses. She also has served on her town council for 19 years as an agriculture advocate. This page was last edited on 4 December 2022, at 09:02. How much youll pay depends on a number of factors. DFA manufactures a variety of dairy products, including cheese, butter, fluid. He is also a member of DFAs Executive Committee. DFA markets members' raw milk and sells milk and derivative products (dairy products, food components, ingredients and shelf-stable dairy products) to wholesale buyers both domestically and abroad. &,WfbO?Euk@xB|cW^~$=xa+fUnlekDYk[TKJg++? In his current role as chief operating officer of the Southeast Area, Brent is responsible for the overall business operations of the Area. It is a member of the non-profit Canadian Federation of Agriculture. The gain is equal to the sale price, net of selling costs, minus the cost-basis (purchase price or inherited basis less any building depreciation claimed in earlier years). 0000002362 00000 n He has also done broadcast radio sports for over 30 years. ?= !! Members must treat retained patronage and capital retains as income for tax purposes. The last few years have been disappointing for many farmers with decreasing revenue. This devastating downturn has led many dairy farmers to consider exiting the dairy business. 0000000556 00000 n He joined DFA in 2000 and has held various roles in the Southwest Area, most recently as vice president, as well as in sales and marketing, and manufacturing ingredients. And at Dairy Farmers of America, we understand that these possibilities go beyond the traditional dairy case. She currently serves on the boards of National Milk Producers Federation, Cultivating New Frontiers in Agriculture, National Cooperative Business Association and the Agricultural Business Council of Kansas City. MSU is an affirmative-action, equal-opportunity employer, committed to achieving excellence through a diverse workforce and inclusive culture that encourages all people to reach their full potential. Description Mayfield Dairy is a farmer-owned brand of Dairy Farmers of America (DFA), a dairy marketing cooperative owned by more than 12,500 family farmers. Dennis also previously served as senior vice president and chief operating officer for three of DFAs Area operations the Mideast, Mountain and Western Areas. He has served in several farmer-leader roles in the Central Area, including on his Area Resolutions Committee and the Corporate Resolutions Committee. Dairy Consideration of the installment sale treatment of certain assets and leasing of other assets based on how they are taxed may warrant some consideration. The per-unit retain is a distribution based on the volume or value of product marketed through the cooperative by the patron. Keeping lenders well informed of the plans is always a must. As part of the deal, DFA would acquire 44 of Dean's plants. Special note on Trade-ins: Sale amounts above the original acquisition price or basis will also be considered as depreciation recapture on post-1999 traded-in items used in the sold assets acquisition before long-term capital gain will be allowed. This will spread out the sales taxable gains and use up the remaining feed inventory. He is responsible for leading the Legal Department, which handles the legal affairs of DFA, including representation of the company and its subsidiaries and affiliates in transactions, disputes and regulatory matters, as well as providing support to all Area offices, commercial divisions, departments and plants. He also grows wheat and corn for silage, raises all his own replacement stock and farms almond trees on 900 acres. He serves as treasurer of DFAs Board of Directors, is a member of the Executive Committee and is chairman of the Northeast Area Council. Travis milks 990 cows in partnership with nine family members on their 2,500-acre operation, Stonyvale. He, along with his son, James, and his daughter, Lela, now milk 4,000 cows in three barns and farm 5,000 acres. At Dairy Farmers of America, we're proud to share the simple pleasures of real dairy straight from our family farms. The organization was renamed "Dairy Farmers of Canada" in 1942. These are difficult decisions to make and the process can be daunting. This will allow you to shift to a different type of farm and manage the tax liability while maintaining income and cash flow. In addition, she leads farmer-owner development programs aimed at fostering the next generation ofDFA and industry farmer-leaders. Breeding cows, bulls and horses are an exception and must be held two years to generate long-term capital gain. Danelle manages DFAs relationships with its lenders, investors and rating agencies. Their farm houses Maines first methane digester, which produces enough electricity to power as many as 800 households and heat 300 New England homes. Randy previously served on the National Dairy Promotion and Research Board, as well as 20 years on his church council. 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. The Net Investment Tax issue may arise (assuming there is not a change in tax law) when the owner decides to sell assets such as land long in the future. Keith has more than 30 years of dairy industry experience in various roles, including executive roles at three food cooperatives. From our family farmers and field staff to product developers and finance teams, every member of our organization plays an essential role so that together, we can share the simple pleasures of real dairy with families everywhere. ! Brian is a fourth-generation farmer and has been active in DFAs Young Cooperator and Emerging Leaders programs. They also raise grain, sorghum and grass forages. One big sale or several sales in one tax year will merge all tax consequences into one tax year. This is generally a lower tax rate than what is paid on ordinary income. Food banks must be registered 501(c)(3) organizations to receive DFA Cares funds. The Pattens are third-generation dairy farmers and have two children. 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. Jay currently serves on a number of industry leadership groups and company boards. Our mark matters and it represents the wholesomeness of dairy that we share with our communities and loved ones. Bill is an active member of the community, coaching eighth grade basketball. Senior Vice President of Finance and Chief Treasury Officer. The 4-H Name and Emblem have special protections from Congress, protected by code 18 USC 707. Larkin operates Oakmulgee Dairy in partnership with his two sons, Jeremy and Brandon, who are both active in DFAs Young Cooperator program. 0000002054 00000 n A gross profit is calculated as the sale price minus the cost basis including recaptured depreciation on the complete sale. Every time you shop for groceries, just look for the logo. She also has responsibilityfor event planning and experiences and DFAs headquarters administration. If you would like to help, donate to DFA CaresHERE. Many farmers will stop farming but continue to rent land and other assets for a long period of time. He is also a member of the American Dairy Science Association, Institute of Food Technologists and International Association for Food Protection. Manufacturers John holds leadership positions on the Ohio Dairy Board and the American Dairy Board. 0000000016 00000 n They raise all their replacement heifers and grow alfalfa, corn and oats. The different methods used by cooperatives Our mark matters and it represents the wholesomeness of dairy that we share with our communities and loved ones. 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. He and his family were named DFA Members of Distinction for the Western Area in 2009. Rick, along with his wife, Carol, and sons, Greg, Marcus and Wade, milk 7,000 cows at two locations and farm 4,000 acres of corn and alfalfa near Greeley, Colo. Rick and his family also operate a 4,000-head feedlot where they finish out the steers and crossbreds from the dairy. In addition to his role at DFA, Brent sits on the operations committee for Dairy Cooperative Marketing Agency and Common Marketing Agency. Coop equities and retains are generally taxed in the year of issuance of the patronage dividend or product sales. In 2020, the Cooperative increased its net income and net sales, primarily due to DFA acquiring a significant portion of Dean Foods' assets out of bankruptcy. Randy milks 40 cows, raises steers and farms 290 acres of alfalfa, corn and soybeans, with the help of his wife, Carma and their two children, Marissa and Jon. Jeff, in partnership with his wife and son, manage and make all of the feed for a herd of registered Holsteins on 300 acres. John milks 180 cows on 675 acres on his farm in Saint Henry, Ohio. /Type/XObject 816-801-6200. His father, Lynn, started the farm in 1958 with 10 cows. Rob is active in the industry, serving as chair of IDFAs Standards and Labeling Committee and as a member on its Food Safety, International Trade and International Standards Task Force Committees, and the Innovation Center for U.S. Dairys Food Safety Operating Committee. In hercurrent role as senior vice president and chief communications officer, Kristen is responsible for overseeing the Cooperatives communications strategy, marketing, brandand messaging development and ensuring effective communication withfarmer-owners, employees, consumers, customers and other key stakeholders. 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. John owns and operates H.A.W. First-generation farmers, the Woelbers grow 1,000 acres of feed and raise their own replacements on their 2,800-cow operation. In 2014, he was recognized for his leadership in the Missouri dairy industry with the Missouri Dairy Legacy Award, and was named Director of the Year by the National Council of Farmer Cooperatives. Stephanie Schoening equity@dfamilk.com. Buster also has 12,000 acres of ranch land where he raises beef cattle and buffalo. Chris, his wife, Mary, and son, Stratton, own and operate two Holstein dairies in Fort Morgan, Colo., where they milk 5,600 cows and farm 900 acres. 0000002160 00000 n Cooking with kids: a delicious way to have fun! 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. John milks 60 Holstein and Jersey cows on his farm in Myerstown, Pa. He served as vice president of the Dairylea board, sat on Dairyleas resolutions committee, and participated in the Dairylea Young Farmers program. He is also manager for the Greater Southwest Agency board. This grassroots structure is overseen by a 48-member Board of Directors. Additionally, he serves as secretary of DFAs Board of Directors. Dairy Farmers of America, Inc. 3.2 . Most recently, he served as chief executive officer of Tree Top, Inc., a fruit cooperative in the Pacific Northwest. For example, growing crops create a taxable ordinary income for the seller and deductible basis in the crop for the buyer. Melvin has been dairying since 1981 on the farm started by his father. He currently holds a leadership position on the Pennsylvania Dairy Promotions Program, and he has received multiple awards from the National FFA Organization. Previously, Corey filled the roles of senior director of sales, marketing and operations; director of marketing and operations and Idaho area manager. They are kept back by the cooperative as equities or retains to provide capital to build and carry on business activities. He also has served on the National Dairy Promotion and Research Board and is a member of the Dairy MAX Western Dairy Association Promotion Board. Claudia Haar, left, and husband Jonathan Haar, farmer-members of Dairy Farmers of America. They have a 400-cow-and-calf beef operation and raise 275,000 chickens. He joined DFAs predecessor cooperative Milk Marketing Incorporated (MMI) in 1995 working in field operations, milk hauling and dairy farm inspections. Harold is in business with his brothers, Lawrence and Michael, his three sons and three nephews. The Hulls grow corn and hay, and they also raise angus calves and replacement heifers. It is strongly advised to work with your trusted legal and tax professional as soon as you begin serious consideration to a farm sale or conversion. Short-term gains are for assets held for one year or less and two years or less on breeding cattle and horses. We comply with the Federal Trade Commission 1998 Childrens Online Privacy Protection Act (COPPA). Deans Handyhills Farm is an eighth-generation bicentennial farm, owned and operated as a joint venture with his brother, nephew and their wives. Other variations of this option run from being employed back as a manager to having a multi-year lease back. 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. 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. Brian has been active on many boards, currently serving on the National Milk Producers Federation board and as chairman of DFAs Mountain Area Council. If there are insolvency issues that involve possible bankruptcy you need to work with legal and tax professionals familiar with bankruptcy tax laws. . Byron has served on Midwest Dairys division board since 1998 and on its corporate board for more than 10 years. Prior to joining DFA, Andrew practiced law at the international law firm now known as Bryan Cave Leighton Paisner LLP, and began his career at The Boeing Company. Gain from disposition of certain depreciable realty. Jay has more than 30 years of experience in the global dairy industry with leading dairy companies Campina in Europe and Fonterra Co-operative Group in New Zealand. Any unpaid principal is carried over to a future year and is taxed in the future. Kristine and Marks four children, Kate, Adam, Seth, Ryan and Ryans wife, Jen, all help out on the farm. Prior to DFA, he worked at McCormick & Company. He previously served as a DFA delegate for 12 years, in addition to several industry leadership roles. Land may have substantial equity above the mortgaged or debt amount and have unique sale procedures to be met with the creditors. The balance sheet will contain the assets (and debt) that each entity owns and this detail will assist in analyzing potential tax liability on the sale of any assets. Fitch Ratings has placed Dairy Farmers of America, Inc.'s (DFA) Long-term 'BBB' ratings on Rating Watch Negative. Gain from dispositions of certain depreciable property, depreciation recapture. Depreciation recapture is deemed ordinary income gain and is taxed at short-term capital gain rates. ?>>?>= The family received the Maine Dairy Farm Family of the Year Award in 2008. That direct, personal connection to the farm makes each bowl of ice cream even sweeter and that's why This Mark Matters. The dairy received the Innovation Center for U.S. Dairy Farmers of Canada (DFC) is an advocacy group created in 1934,[1] when a number of related groups merged to form a single entity for representing the interests of dairy farmers. Edward has spent his entire career in the dairy industry and has worked with leading food, beverage and pharmaceutical companies for more than 30 years. Randy chairs the Pepin County Dairy Promotion Committee and serves as treasurer of the Pepin County Farm Management Club, which honored the Koller family with its Outstanding Farmer of the Year award in 2016. Take a minute to discover what makes our culture so special and check out our open positions. She is the recipient of the Madison County Conservation Farmer of the Year Award and the Super Milk Award. Senior Vice President and Chief Communications Officer. Brian and his wife, Ranell, operate New Generation Dairy with 1,200 cows and farm 3,500 acres, growing corn, beans, wheat and alfalfa. Its a shared purpose we all believe strongly in.. The Company manufactures and markets milk, ice cream, butter, frozen yogurt, cream, cheese, and . 816-801-6455. . She also oversees the Cooperatives innovation efforts, includingDFAs CoLAB Accelerator and investments in ag-tech and dairy food startups. The farming operation includes 1,600 acres of wheat, corn and sorghum. He also sits on the National Dairy Promotion and Research Board and is a proud grandfather. He is the 2014 winner of the American Jersey Cattle Association Distinguished Service Award. DFA became the sole owner of DairiConcepts in 2015,[11] which was once a partnership between DFA and Fonterra Co-operative Group Unlimited. It is important to identify how you are structured. 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. [5] Introduced November 1, 2016, the new logo will gradually replace the previous origin logo which was commonly known as the "Little Blue Cow".[6]. Originally called the Canadian Federation of Milk Producers, it was part of the National Dairy Council (an organization representing dairy processors). James H. Hilker - In 2010, Brian received the Indiana Dairy Producer of the Year Award. More than 115 farmers are suing mammoth milk processor Dairy Farmers of America (DFA) for conspiring to hold down milk prices. Look for the logo. These taxes include a 3.8 percent Net Investment Income Tax and the .9 percent Medicare tax.