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0000002160 00000 n Many farmers will stop farming but continue to rent land and other assets for a long period of time. 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. Divided into seven geographic Areas, our grassroots structure ensures every member is represented through elected farmer-leaders at all levels of Cooperative governance. All still help on the farm, with Brett and Greg helping full time on the operation. """"##$$%%%%%%%%%%$%&&&&&&''&&&&'''()**+**++++,--///000011111111111100/0012333333333433332222334566689:;;:989999::::888999999::;;;;;;<<<<=======>>>>????????????@@@@ABBCCCCBCCCCCCCCAAAA@@@@@@@@@@@@@@@@@AAABBAAAA@@@@AAAABBBBAAAA@@ABBBA@??@@AAAA@@A@@@@?????@AAA@@ABCBA@ABAAAAAAAAAAAAAAAAAAAAAABCBBBBBBBBAAAAAAAACCCCCCCCCCCCCDDDCCCCCCCCDDDDDDDDDDDDDDDDDCCCCBBBBAA@@ABBDDDCCCCCCCCCDDDDEEEDDDDDDDDDDDDDEEEEEEEEEEEEEEEEEEEEEEEEEEEDDDDDDDDDDDDDDCCCCBBBDDDDDDDDBBCCCCBBBBBAAAAA@@@@??? He serves as treasurer of DFAs Board of Directors, is a member of the Executive Committee and is chairman of the Northeast Area Council. Short-term capital gains are taxed at your. """""##$$%%%%%%%%%$%&'''&&'&&&&&&'()**++++,+++,,-///0000111111111111////012222222222444333323344566789:;;:989999::::888889999::;;;;:;;<<<<======>>>>????????>>????@@@ABBCBBABBCCCCBBAAAA@@@@@@@@@@@@@@@@@AAABBAAAA@@@@AAAABBBBAAAA@@AAAAA@?>@@AAAA@@@@@@@???>??@@@@?ABCB@@@A@@@@@@@@@@@@@@@@AA@@AABCBBBBBBBBAAAAAAAACCCCCCCCCCCCCDDDCCCCCCCCDDDDDDDDCCCCCCCCCCCCCBBBAAAAABCCDDDCCCCCCCCCDDDDEEEDDDDCDDDDDDDDEEEEEEEEEEEEEEEEEEEEEEEEEEEDDDDCDDDDDDDDCCCCCBBBCCCCCCCCABBCCBBABBBAAAA@@@@@????==;::999999987654445443211111000///..---,,,++**)**))((''((()(('&&%%%%$$$&&%$$$$%%%%$###"!!! With more than 25 years of experience managing human resources functions, Jack leads DFAs Human Resources Department as chief people officer. Look for the logo. By leading innovative research, providing nutritional education, and promoting healthy living, we work every day to make Canadian milk better. Brian has been active on many boards, currently serving on the National Milk Producers Federation board and as chairman of DFAs Mountain Area Council. Make sure the dairy you buy comes from Canadian farms and supports our farmers. Valerie owns and operates Blumer Dairy with her husband, David. He also grows wheat and corn for silage, raises all his own replacement stock and farms almond trees on 900 acres. In 2016, Glen was also inducted into the South Carolina Dairy Hall of Fame. This grassroots structure is overseen by a 48-member Board of Directors. Must be able to pass all pre-employment screens (including drug, background and criminal checks). Dairy Farmers of America | LinkedIn In her current role of senior vice president of human resources, she is responsible for leading teams within the department, including talent acquisition, talent management and HR business partners. Harold is in business with his brothers, Lawrence and Michael, his three sons and three nephews. Our tools and resources are designed for the curriculums of Alberta, Quebec, Saskatchewan, and the Maritimes. [2][failed verification] The organization is headquartered in Ottawa, with marketing activities being led from a satellite Montreal office. The Moyers milk 350 registered Holsteins with a robotic milking system. The farm, Batemans Mosida Farms, started in 1972 with 120 cows. This information is for educational purposes only. >> Senior Vice President and Chief Operating Officer, Beverage and Dairy Foods. This type of property is treated similar to machinery & equipment for tax purposes. 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. ""###$$%%%%%%%%%%%%%%%%%&&(''&&''('())*******+,-./..///00001111111111111101123444444444443333222334566789:;;:989999::::999:::::::;<<>>>???@@@@@@@@@@@@AAAACCCCCDDDEDDCCDDEBBBAAAA@@@@@@@@@@@@@@AAABBAAAA@@@@AAAABBBBAAAA@@BBBBBA@?@AABBAA@AAAA@@@@@@ABBBAABCCCA@ABAAAAAAAAAAAAAAAABBAAABCCCCCCCCCCBBBBBBBBCCCCCCCCCCCCCDDDCCCCCCCCDDDDDDDDDDDDDDDDDDDDCCCCBBAA@AAADDDCCCCCCDDDDEEEFEEEEDDDEEEEEEEEGGGGGGGGFFFFFFFFFFFFFFFFFEEEEDDDEEEEEEEEDDDDCCCCDDDDDDDDCCDDDDCCCBBBBAAAAA@@? See IRS Pub 908 for the treatment of income from the discharge of indebtedness related to Bankruptcy. %%&&&&&%%$%%%%%%%%%%%%%&&&%&&&'((()))*********,-./../0121111223333333332333344444555566554333444444566788899999::;;;;<==<<==>>>>=====>>??@@@?@???@ABBBBBCCCCDCCCBCCDEFFFFFGGGEEDCBBAA??? Tom previously served on DFAs Corporate Resolutions Committee from 2008 to 2013, the Corporate Governance Review Committee in 2017 and the Base/Excess Study Committee in 2018. For 2022, Fitch projects DFA's EBITDA around $540 million, slightly lower than 2021, reflecting inflationary cost pressures. As chief food safety officer, Rob leads the Cooperatives enterprise food safety, quality and regulatory services functional area. DFA also acquired Cumberland Dairy, a processor of ultra-pasteurized dairy products, in 2017. Cheese. Modify what you plant and harvest as you wind down. . Every time you shop for groceries, just look for the logo. We believe that local fare makes for most delicious meals and unforgettable get-togethers. ""##$$%%&&%%%%%%%%%$$#$$&&((''''((()*+++++))*+,./0..///00001111222222222222234555555555655554444556788889:;;:989999:::::::;;;;>>>>>?????@@@@@@@@AAAABBBBCBBABBDDEDCBBCDEBBBBBAAAAAAAAAAA@@@@@AAABBAAAA@@@@AAAABBBBAAAA@@BCCCBA@@AABBBBAABBAAAA@@?? Dairy Farmers of America Inc. Alex also has leadership responsibility for executing certain enterprise-wide decisions and initiatives, which drive DFAs culture and performance. Learn more about us. Have courage to look to a new future with new challenges. President and Chief Executive Officer, Dairy Farmers of America. 8% of Dairy Farmers of America employees are Black or African American. This devastating downturn has led many dairy farmers to consider exiting the dairy business. He provides end-to-end leadership for all aspects of the people function including talent management, learning and development, talent acquisition, executive and total compensation and rewards, employee and labor relations, employee engagement and organizational development. 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. Glanbia nutritionals Contact us | DFA Milk - Dairy Farmers of America Prior to joining DFA in 2015, Jeff spent 29 years with Dean Foods in various roles, including vice president of IT corporate functions. /BitsPerComponent 8 681 13 Issued in furtherance of MSU Extension work, acts of May 8 and June 30, 1914, in cooperation with the U.S. Department of Agriculture. In addition, he farms more than 3,000 acres of crops on a pivot irrigation system. On February 1, 1994, Dairy Farmers of Canada merged with the Dairy Bureau of Canada, the national non-profit organization responsible for the overall promotion of Canadian dairy products. Keith has more than 30 years of dairy industry experience in various roles, including executive roles at three food cooperatives. Where We Are | DFA Milk - Dairy Farmers of America Tom is a fourth-generation dairy farmer. Harold and his wife, Bet, a longtime elementary teacher, are the sixth generation on their family farm. Pete is also in partnership with two of his sons on their 650-cow Jersey dairy. Cheese, See Prior to DFA, he worked at McCormick & Company. In addition, they plant row crops and hay on more than 1,000 acres and manage 850 acres of pastureland. [3], In January 2019, the federal government of Canada gave $2.7 million to the organization. [2], DFA was formed in 1998 through the merger of four dairy cooperatives: the Southern region of Associated Milk Producers Inc.; Mid-America Dairymen Inc.; Milk Marketing Inc.; and Western Dairymen Cooperative Inc.[3] Since then, five other cooperatives have become a part of DFA Independent Cooperative Milk Producers Association, Valley of Virginia Milk Producers Association, California Cooperative Creamery, Black Hills Milk Producers and Dairylea Cooperative Inc.[4][5][6][7] Its headquarters from 1998 until 2017 was near Kansas City International Airport in Kansas City, Missouri. It can be a challenge to get the terms to allow a workable or feasible farming operation but is used in situations where the buyer does not want to be the day-to-day manager. The entire sale amount is taxable since the tax-basis is zero and is entered in Part I of Form 4797. Liquidating farm assets can complicate the process due to potential tax liabilities that arise when selling farm assets. In addition, she leads farmer-owner development programs aimed at fostering the next generation ofDFA and industry farmer-leaders. Additionally, Gary serves as president of the California Creamery Operators Association. This is generally a lower tax rate than what is paid on ordinary income. 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. Dairy Farmers of America - Wikipedia 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. Together with their two daughters and son, they milk 80 dairy cows and own and operate 5,000 acres. If not, the member may have 3 capital retained at a higher rate than the mem-ber who is closer to being fully invested, or be asked to make a direct cash investment to achieve parity. His father, Lynn, started the farm in 1958 with 10 cows. The Company manufactures and markets milk, ice cream, butter, frozen yogurt, cream, cheese, and . 0000000556 00000 n They milk on four dairies, approximately 350 cows on each, and raise all of their own replacement heifers. Senior Vice President of Finance and Chief Treasury Officer. John has served as vice president of the New Mexico Dairy Producers board and as secretary for DFAs Southwest Area Council, where he has been active on the corporate Fluid Marketing and Public Policy Committee, as well as the hauling, membership, finance and plant committees. stream Travis milks 990 cows in partnership with nine family members on their 2,500-acre operation, Stonyvale. The organization is run for producers, by producers. Nutritionals He currently sits on the board for Harvesters. 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. 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. The sale of buildings and improvements with a 20-year depreciable life or longer are covered by IRS 26 U.S. Sect. Larry and his family show and judge at local, state and national shows, and they farm alfalfa, corn and wheat. DFA became the sole owner of DairiConcepts in 2015,[11] which was once a partnership between DFA and Fonterra Co-operative Group Unlimited. 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. Divided into seven geographic Areas, our grassroots structure ensures every member is represented through elected farmer-leaders at all levels of Cooperative governance. Dairy Farmers of America, Inc. Careers and Employment Fitch Affirms Dairy Farmers of America, Inc.'s Ratings at 'BBB He previously participated in DFAs Young Cooperators program and served as a delegate for DFA. The farming operation includes 1,600 acres of wheat, corn and sorghum. Family involvement is key to his operations success the family strives for high-end genetics and high-quality milk from their herd. Fitch Ratings - Chicago - 15 Nov 2019: This is a correction of a press release published earlier today. It works to influence public policies that will maintain the viability of Canadian dairy producers and promotes the health benefits of dairy products. He has held senior positions in finance, operations, marketing, strategy, mergers and acquisitions, sales and general management. Dairy Farmers of America, Inc. (DFA) operates as a dairy cooperative. In his current role as chief operating officer of the Western Area, Gary is responsible for the overall business operations of the Area. Teach Nutrition provides tools and resources for teaching health and nutrition from early childhood to high school. Harold serves as co-vice chairman of the Northeast Area Council, as treasurer of the New England Dairy Promotion Board and was recently inducted into the Vermont Agricultural Hall of Fame. They mean providing opportunities for rural communities to thrive, sharing nourishment to those in need and preserving natural resources for future generations. Profits or gains are taxable income. Short-term gains are for assets held for one year or less and two years or less on breeding cattle and horses. Randy was elected chairman of DFAs Board of Directors in 2010 and is a member of DFAs Executive Committee. 816-801-6455. . In his current position, he oversees several departments, includingcommunications,marketing, events and experiences,corporateriskmanagement,ethics and compliance, food safety, quality, andregulatoryservices,governmentand industryrelations, and human resources. 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. Sweet Meadows has been named a Dairy of Distinction by the Northeast Dairy Farm Beautification Program for more than 20 years. Mideast. He and his family were named DFA Members of Distinction for the Western Area in 2009. In 2015, Andrew was recognized in Ingramsmagazines 40 Under Forty list, and in 2011, he was included in its 20 in Their Twenties list. 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. From 20092020, she served as coordinator for the Virginia Dairy Princess Program, and she was a fellow for Virginia Agriculture Leaders Obtaining Results (VALOR) in 2016. 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. PDF INCOME TAX TREATMENT OF COOPERATIVES: Distributions, Retains Then the gross profit percentage, as a percentage of the total sale, is then applied to any principal (not interest) received during the year to calculate the taxable income. Kristine and her husband, Mark, began dairying in 1994 with 60 cows in a rented barn. For a cash-basis taxpayer; crops, feed, milk, and other supplies will normally have a zero cost-basis as the cost of these assets has usually been deducted as a cash expense. The sale of these raised cows and bulls are taxed as long-term capital gain, which is taxed at a lower tax rate. 0000002532 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. We comply with the Federal Trade Commission 1998 Childrens Online Privacy Protection Act (COPPA). And because our Cooperative is owned by our farmers, they're personally invested in every product, decision and step we take as an organization. In her current role, she leads DFAs government affairs and industry relations and oversees the Cooperatives sustainability strategy and farm practices team. 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 is a member of the Prairie Heights FFA Alumni Association, Stroh Church of Christ and Steuben County Board of Zoning Appeals. Commissioning operations at MWC will take place over the next eight months and will see the initial 1m pounds of milk per day increase to its designed capacity of 8m pounds per day. [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]. 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. Dairy farmers are having to consider a number of life changing decisions that they never thought would come. As of Dec. 31, 2020, DFA had not drawn on its $725 million five-year unsecured credit facility that matures in November 2024 with a $250 million accordion feature. Check out the MSU Dairy Management Program! Working At Dairy Farmers of America - Zippia 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. John and Nancy were awarded the Mideast Young Couple award in 1998. 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. The tax is calculated on the gain and is considered long-term capital gain if the land was owned for more than 12 months. In 2010, Byron received the UDIA Service Award for 10 years of dedicated service. 0000004678 00000 n Dennis has an extensive background in banking and finance and has owned various ag businesses. The remainder of the gain on the sale is treated as a long-term capital gain. 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. /Subtype/Image 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. At Dairy Farmers of America, we're proud to share the simple pleasures of real dairy straight from our family farms. The value of all assets need to be agreed upon such as tile, wells, irrigation, buildings, machinery and equipment, livestock, feed supplies, growing crops, etc. Brian and Ranell have four children. 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. In her free time, Kristine enjoys photography, playing piano and singing. May 15, 2019. Updated from an original article written by Jim Hilker, Adam J. Kantrovich, John James.