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Dairy Farmers of America

From Wikipedia, the free encyclopedia

"Alta Dena" redirects here. Not to be confused with Altadena, California.
Dairy Farmers of America
Company typeAgricultural marketing cooperative
IndustryAgriculture
PredecessorAssociated Milk Producers, Inc.; Mid-America Dairymen, Inc.; Milk Marketing, Inc.; and Western Dairymen Cooperative, Inc.
Founded1998; 26 years ago (1998)
Headquarters
Kansas City, Kansas
,
United States
Key people
Dennis Rodenbaugh (President and CEO)
RevenueDecrease US$13.6 billion (2018)
Increase US$14.7 billion (2017)[1]
Increase US$131.8 million (2016)
Number of employees
18,000
Websitedfamilk.com

Dairy Farmers of America Inc. (DFA) is a national milk marketing cooperative in the United States. 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. Net sales in 2016 were $13.5 billion, representing about 22 percent of raw milk production in the United States.[2]

YouTube Encyclopedic

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Transcription

History

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.[8]

In 2011, DFA acquired Kemps of St. Paul, Minnesota, and its subsidiaries from HP Hood.[9] In 2014, DFA acquired Oakhurst,[10] and Dairylea Cooperative Inc. merged with the farmer-owned Cooperative. DFA became the sole owner of America Buys kemps in 2015,[11] which was once a partnership between DFA and Fonterra Co-operative Group Unlimited. DFA also acquired Cumberland Dairy, a processor of ultra-pasteurized dairy products, in 2017.[12]

In February 2020, DFA agreed to buy Dean Foods, the largest U.S. milk producer for $433 million. As part of the deal, DFA would acquire 44 of Dean's plants. In May 2020 that deal was finalized and the acquisition was completed.[13]

Brands

For brands related to the acquisition of Dean Foods in 2020, see Dean Foods § Products.
Notes
  1. ^ Trademark licensed from Lactalis

Commodity price manipulation issues

In 2008, the Dairy Farmers of America and two former executives agreed to pay $12 million to settle Commodity Futures Trading Commission charges for attempting to manipulate the Class III milk futures contract and exceeding speculative position limits in that contract.[14]

See also

References

  1. ^ "Dairy Farmers of America: global net sales 2018". Statista.
  2. ^ "DFA Reports Record Profits - Dairy Farmers of America". www.dfamilk.com. Archived from the original on 7 December 2018. Retrieved 6 February 2019.
  3. ^ "Farm Horizons: Merger of four co-ops includes Mid-America Dairymen". www.herald-journal.com. Retrieved 6 February 2019.
  4. ^ "Dairylea Members Approve Merger with DFA - Dairy Farmers of America". www.dfamilk.com. Archived from the original on 7 February 2019. Retrieved 6 February 2019.
  5. ^ "St. Louis Post-Dispatch Newspaper Archives". nl.newsbank.com. Retrieved 6 February 2019.
  6. ^ "DALLAS FIRM PLANS TO BUY SHENANDOAH'S PRIDE DAIRY". Retrieved 6 February 2019.
  7. ^ "Archive Search - PressDemocrat.com - The Press-Democrat - Santa Rosa, CA". nl.newsbank.com. Retrieved 6 February 2019.
  8. ^ O'Neill, Lily (June 7, 2017). "Dairy Farmers of America Opens the Doors of its New Kansas Headquarters". The Kansas City Star. Archived from the original on 2017-06-08.
  9. ^ Kansas City Business Journal - Dairy Farmers of America will become owner of Kemps (April 15, 2011), Retrieved Apr. 23, 2015.
  10. ^ "Oakhurst Acquired by a Farmer Owned Cooperative - Dairy Farmers of America". www.dfamilk.com. Archived from the original on 7 February 2019. Retrieved 6 February 2019.
  11. ^ "Dairy Farmers of America acquires sole ownership of DairiConcepts - Dairy Farmers of America". www.dfamilk.com. Retrieved 6 February 2019.
  12. ^ "DFA Acquires Cumberland Dairy - Dairy Farmers of America". www.dfamilk.com. Retrieved 6 February 2019.
  13. ^ "DFA completes $433M acquisition, with feds' blessing". www.bizjournals.com. Archived from the original on 2022-01-25. Retrieved 2020-09-03.
  14. ^ "Dairy Farmers of America settles with CFTC". www.cftc.gov.

External links


This page was last edited on 6 April 2024, at 07:42
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