She currently serves on the Minnesota Division Board, Midwest Dairy Corporate Board and serves as a Runeberg Township clerk. Randy was elected chairman of DFAs Board of Directors in 2010 and is a member of DFAs Executive Committee. Deans Handyhills Farm is an eighth-generation bicentennial farm, owned and operated as a joint venture with his brother, nephew and their wives. Edward is responsible for the overall business and profit and loss for the Beverage and Dairy Foods Division. Sell the machinery and equipment that are used to make hay and silage once you have enough feed inventory on-hand for the remaining livestock. Dennis also previously served as senior vice president and chief operating officer for three of DFAs Area operations the Mideast, Mountain and Western Areas. 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. One big sale or several sales in one tax year will merge all tax consequences into one tax year. 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. Executive Vice President, Chief Administrative Officer, and Secretary. It can be used to help spread out the taxable income and may lower the tax bracket used. ?>= The sale price of an asset minus the current tax-basis equals the gain. The family markets breeding stock nationally and internationally, and has sold cattle and embryos worldwide. James H. Hilker - Fresh Milk @@@@A@@@@AAAACBAAAAAABBBAAAAAAAAAAAAACCCCCCCCCCBBBBCCBBA@@@AA@@AAAABBBBBBBBBBBBBBBBBBABBCCBBAABBBBCCCCCCCCCCCCCCCCCCCDDDDDDDDCCCCCDDDCCDDCCBBCCDDDDEEDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDCCDDEEFFGGFFFFGGGGGGGGGGGGGGGGGGGGGGGGGGHHGGGGFFGGGFFEEDFFFFFFFFEEEEEEEEEEEEEEEEDDEEEEDDCCCCBBBBAAAAAAAA?>>====>===<. Byron has served on Midwest Dairys division board since 1998 and on its corporate board for more than 10 years. DFA also acquired Cumberland Dairy, a processor of ultra-pasteurized dairy products, in 2017. Dairy Farmers of America - Wikipedia Consideration of the installment sale treatment of certain assets and leasing of other assets based on how they are taxed may warrant some consideration. Bryan, a second-generation dairy farmer, milks 225 cows on 500 acres on his farm in Fenwick, Mich. Bryan took over Hull Dairy Farm LLC with his wife, Janet, in 1976, and their two daughters and grandkids now help with day-to-day operations. 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. Jack joined DFA in 2007 as director of human resources, administration and benefits. . xWLuxNzQnu)Y"!fd`D(. LA@8H&0(L4e" (fQ#[3~]?w{y{ dP vD c_labI=@]n)Uo?i4?YCGsye@$U4%Ytelnt3>Ou>V Jeff serves as chairman of the Mideast Area Council and is on DFAs Executive Committee. Randy previously served on the National Dairy Promotion and Research Board, as well as 20 years on his church council. Check out the Michigan Manure Hauler Certification Program! 2019 DFA Strategic Plan by Dairy Farmers of America - Issuu Brad, in partnership with his three brothers, milks 7,500 cows and farms 3,500 acres, growing corn silage and small grain silage on a double-crop rotation. In 2010, Byron received the UDIA Service Award for 10 years of dedicated service. College of Agriculture & Natural Resources, Department of Agricultural, Food, and Resource Economics, 1998 Childrens Online Privacy Protection Act (COPPA), department of agricultural food and resource economics. He has been a member of the Wayne County Farm Bureau, Ohio Holstein Association, Holstein Association USA and St. Marys Church. General inquiries. If the asset is sold for more than its original cost the seller may need to pay different taxes 1) the ordinary gain rate for the recaptured depreciation and 2) long-term capital gain for the amount received above the original cost. Additionally, Gary serves as president of the California Creamery Operators Association. Tax rates for short-term gains are 10%, 12%, 22%, 24%, 32%, 35%, and 37% through the end of the 2025 year. Senior Vice President and Chief Communications Officer. 22-Oct-2020 at 08:58 GMT, Related tags He is president of The Dairy Alliance, the United Dairy Herd Improvement Association and the American Dairy Association of South Carolina. 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. He is a past president of the South Box Elder County Farm Bureau. ! Ask for help, there are many individuals and agencies willing to assist. The per-unit retain is a distribution based on the volume or value of product marketed through the cooperative by the patron. """""##$$%%%%%%%%%$%&'''&&'&&&&&&'()**++++,+++,,-///0000111111111111////012222222222444333323344566789:;;:989999::::888889999::;;;;:;;<<<<======>>>>????????>>????@@@ABBCBBABBCCCCBBAAAA@@@@@@@@@@@@@@@@@AAABBAAAA@@@@AAAABBBBAAAA@@AAAAA@?>@@AAAA@@@@@@@???>??@@@@?ABCB@@@A@@@@@@@@@@@@@@@@AA@@AABCBBBBBBBBAAAAAAAACCCCCCCCCCCCCDDDCCCCCCCCDDDDDDDDCCCCCCCCCCCCCBBBAAAAABCCDDDCCCCCCCCCDDDDEEEDDDDCDDDDDDDDEEEEEEEEEEEEEEEEEEEEEEEEEEEDDDDCDDDDDDDDCCCCCBBBCCCCCCCCABBCCBBABBBAAAA@@@@@????==;::999999987654445443211111000///..---,,,++**)**))((''((()(('&&%%%%$$$&&%$$$$%%%%$###"!!! On Fair Hope Farms, they care for nearly 200 livestock, milk about 70 cows and manage a broiler operation. The group represents dairy farmers living on over 10,000 farms across Canada. The group has represented Canadian dairy farmers since 1934. On February 1, 1994, Dairy Farmers of Canada merged with the Dairy Bureau of Canada, the national non-profit organization responsible for the overall promotion of Canadian dairy products. Currently, he and his wife, Jennie, have help from their three sons and their families on the operation. Brian owns and operates Tuleview Holsteins with his family. He runs Diamond Valley Dairy LLC with his three sons and wife, Sharon. He began managing the dairy in 1980 and introduced three younger partners to the business in 2013. ""##$$%%&&%%%%%%%%%$$$$%&&((''''((()**++++***+,-/0..///00001111222222222211234455555555555444444455678889:;;:989999:::::::;;;;;:;;<<<<<<=====>>>>>>????@@@@@@@@AAAABBBBCCBBBCDDEDCBBCDEBBBBAAAAAAAAAAAA@@@@@AAABBAAAA@@@@AAAABBBBAAAA@@BBCCBA@@AABBBBAABAAAA@@@? The SE tax is actually made up of two different tax rates, Social Security and Medicare. Pat has worked for DFA since 2009 and has held a variety of leadership roles, including president of DFAs legacy Fluid Milk and Ice Cream Division. He played an integral part in the formation and operation of DMS. 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. Prior to joining DFA, Alex was general counsel of a global business unit at General Electric Capital. The tax is calculated on the gain and is considered long-term capital gain if the land was owned for more than 12 months. Harold is in business with his brothers, Lawrence and Michael, his three sons and three nephews. Breeding cows, bulls and horses are an exception and must be held two years to generate long-term capital gain. Brian and his wife, Ranell, operate New Generation Dairy with 1,200 cows and farm 3,500 acres, growing corn, beans, wheat and alfalfa. Rates are generally significantly lower than the ordinary rate at the same income level. Gain from disposition of certain depreciable realty. He is the 2014 winner of the American Jersey Cattle Association Distinguished Service Award. /ColorSpace/DeviceGray Stronger asset sale values will be maintained as they will not be sold at distressed sale values. Short-term capital gains are taxed at your. He is actively involved in his local community, serving as chairman of the Churchill County Commissioners and the Churchill Economic Development Authority. 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. 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. Their farm houses Maines first methane digester, which produces enough electricity to power as many as 800 households and heat 300 New England homes. Kristine and Marks four children, Kate, Adam, Seth, Ryan and Ryans wife, Jen, all help out on the farm. Milk empire: Merger of dairy giants could transform industry The organization was renamed "Dairy Farmers of Canada" in 1942. The family practices 100% no-till and cover-crop farming. Today, they milk 350 cows and grow their own haw and corn for feed on the farm. Jerrel and his wife, Alma Jean, have been dairying since 1984 on the farm started by her grandfather. All still help on the farm, with Brett and Greg helping full time on the operation. Learn more about us. REQUEST A DONATIONfrom the DFA Caresfor your local food bank. 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. If the owner has not participated in farming or a trade or business there is a point that those assets will no longer be considered an asset used in a trade or business. 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. Before that, he held the position of audit manager at Deloitte & Touche LLP, then divisional controller at Freightquote.com. The dairy includes 320 Holsteins and 2,000 acres of rented and owned land. 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. Bill, a third-generation dairy farmer, has been dairying since 1980. Reference to commercial products or trade names does not imply endorsement by MSU Extension or bias against those not mentioned. stream Jeff, in partnership with his wife and son, manage and make all of the feed for a herd of registered Holsteins on 300 acres. More than 115 farmers are suing mammoth milk processor Dairy Farmers of America (DFA) for conspiring to hold down milk prices. . Alan is also a member of DFAs Executive Committee. The sale of these raised cows and bulls are taxed as long-term capital gain, which is taxed at a lower tax rate. 14% of Dairy Farmers of America employees are Hispanic or Latino. Quentin Tyler, Director, MSU Extension, East Lansing, MI 48824. Love Canadian dairy? May 2006 - Present16 years 9 months. The Moyers milk 350 registered Holsteins with a robotic milking system. She formerly served as a delegate and Southeast Area Young Cooperator Steering Committee member. Larry is a fourth-generation dairy farmer currently in partnership with his eldest son, Chad. Paul serves on the California Dairy Environmental Justice Fund, Dairy Cares and as chairman of the DFAs Western Area Council Membership and Quality Committee. In May 2020 that deal was finalized and the acquisition was completed. =(jauvc:45?4$[6m^q:[;HVHM(:)Rd.iVahlut#?S gz]+4)*gogQv&}Fc- o'r.`nY42 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. Run for farmers by farmers, Dairy Farmers of Canada (DFC) is the voice of Canadian dairy farmers. DFA Cares. He currently sits on the board for Harvesters. We comply with the Federal Trade Commission 1998 Childrens Online Privacy Protection Act (COPPA). Make sure the dairy you buy comes from Canadian farms and supports our farmers. 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. They mean providing opportunities for rural communities to thrive, sharing nourishment to those in need and preserving natural resources for future generations. /Subtype/Image Travis milks 990 cows in partnership with nine family members on their 2,500-acre operation, Stonyvale. Any unpaid principal is carried over to a future year and is taxed in the future. The Medicare portion of SE is taxed at 2.9 percent for all self-employed income even above $132,900. And because our Cooperative is owned by our farmers, they're personally invested in every product, decision and step we take as an organization. Gary has more than 35 years of dairy industry experience. Dairy producers fund its operation, including promotional activities. @AAAA@BCDCBABCBBBBBBBBBBBBBBBBBBBBBCCDCCCCCCCCBBBBBBBBCCCCCCCCCCCCCDDDCCCCCCCCDDDDDDDDEEEEEEEEEEDDDDCCBBBBCDEFDDDCCCCCDDDEEEEEFFFFEEEEFFFFFFFFHHHHHHHHFFFFFFFFFFFFFFFFFFFFEEEEEEEEEEEEEEDDDDCCEEEEEEEEDDEEEEDDCCCCBBBBBBA@?>==@?>=<<<<<< !"" Some of the more common tax types that would be associated with farm asset sales include: Understanding the different tax types, asset disposition associated with a tax type and the corresponding rates will assist a farm owner to take a more measured approach to when and how to sell or lease/rent an asset to limit tax liability. Ability to select, coach, develop, engage and retain a team of employees. Dan and his partner, Clayton Winger, milk 3,600 cows and raise their heifers in southwest Kansas. Dan also serves his church, as well as a variety of civic and charitable organizations. 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. Every time you shop for groceries, just look for the logo. How you wind down is dependent on the financial position, strength and liquidity or working capital along with what the creditors will agree to. He also serves on the National Milk Producers Federation board, is vice chairman of American Dairy Association North East and is chairman of the Pennsylvania Dairy Promotion Program board. Julie joined DFA in 2017 with 20 years of experience in internal audit, compliance and regulatory leadership roles. Dairy Farmers of America, Inc. 3.2 . In his current role as chief operating officer of the Central Area, Jon is responsible for the overall business operations of the Area. Larry and his family started dairying in Muleshoe, Texas, in 1978, with one heifer that calved in the truck. He has been with DFA since 2008, serving in a variety of roles, including DFAs corporate controller, director of internal audit and senior vice president of finance. Together with their two daughters and son, they milk 80 dairy cows and own and operate 5,000 acres. [4], The Dairy Farmers of Canada "Quality Milk" logo is used to help consumers identify products that contain 100% Canadian milk and Canadian dairy products. As chief food safety officer, Rob leads the Cooperatives enterprise food safety, quality and regulatory services functional area. We have an incredible team of employees who bring our mission to life every day. There are typically fewer farms that have Corporations such as a subchapter -S or C-Corp that can potentially add additional complications. In addition to his role at DFA, Brent sits on the operations committee for Dairy Cooperative Marketing Agency and Common Marketing Agency. 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. Some of the business structures include: 3) LLC (taxed as a sole proprietor or partnership). This is generally a lower tax rate than what is paid on ordinary income. % Canadian dairyfarmersare naturally committed to sustainability and the environment. 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. Where We Are | DFA Milk - Dairy Farmers of America The Pattens are third-generation dairy farmers and have two children. [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. Doug is chairman of the Central Area Council and a member of DFAs Executive Committee. In addition, he farms more than 3,000 acres of crops on a pivot irrigation system. Ron has served as treasurer for the Mountain Area Council for 16 years. Senior Vice President, Chief Legal Officer, and General Counsel. %%EOF @@AAAAABCDCBABCBBBBBBBBBBBBBBBBBBBBBBCDCCCCCCCCBBBBBBBBCCCCCCCCCCCCCDDDCCCCCCCCDDDDDDDDEEEEEEEEEDDDDCCCBBBBBCDDDDDCCCCCDDDDEEEEFFFEEEEEFFFFFFFFGGGGGGGGFFFFFFFFFFFFFFFFFFFEEEEEEEEEEEEEEDDDDCCCEEEEEEEEDDEEEEDDCCCBBBBBBBA@?>==@?>= !!" Paul and his wife, Sonya, are third-generation dairy farmers milking 3,800 cows in Californias central valley on three different dairies. [12], In February 2020, DFA agreed to buy a substantial part of Dean Foods, the largest U.S. milk producer, for $433 million. The farming operation includes 1,600 acres of wheat, corn and sorghum. He joined DFA in 2003 and has held various roles within the Western Area, including vice president of fluid milk operations and vice president of operations. Profits or gains are taxable income. ""##$$%%&&%%%%%%%%%$$#$$&&((''''((()*+++++))*+,./0..///00001111222222222222234555555555655554444556788889:;;:989999:::::::;;;;>>>>>?????@@@@@@@@AAAABBBBCBBABBDDEDCBBCDEBBBBBAAAAAAAAAAA@@@@@AAABBAAAA@@@@AAAABBBBAAAA@@BCCCBA@@AABBBBAABBAAAA@@?? Craig is a former DFA Young Cooperator, and he and Katharine have been in the dairy business for more than 40 years. """"##$$%%%%%%%%%%$%%%&&&&''&&&&'''())****++++,-.///00001111111111110000112333333333333332222234556689:;;:989999::::99999:::::;;<>>>???????????@@@@AABBCCCDDCDDDCCDDDBAAAA@@@@@@@@@@@@@@@@AAABBAAAA@@@@AAAABBBBAAAA@@BBBBA@??@AABBAA@AAA@@@@??@AABAAAABCBA@ABAAAAAAAAAAAAAAAABAAAABBCBBBBBBBBBBBBBBBBCCCCCCCCCCCCCDDDCCCCCCCCDDDDDDDDDDDDDDDDDDDCCCCBBBA@@@AADDDCCCCCCCCDDDDEEEEEDDDDDDDDDDDDFFFFFFFFEEEEEEEEEEEEEEEEEEEEDDDDEEEEEEEEDDDCCCCBDDDDDDDDBCCDDCCBBBBBAAAAA@@@??