In addition, Family Dairies USA members will also receive a portion of their equity that remains from their existing equity program prior to the merger.
«As dairy farmers ourselves, we understand what it means to receive this patronage check,» said FarmFirst Board President John Rettler. «The cooperative is looking out for its members, and authorizing disbursement of these patronage funds is one of the ways we are showing that appreciation for our members.»
To receive patronage, members will need to confirm their current tax information via completion of a Form W-9 by July 1. The board designated the minimum amount to be $10, and patronage checks will be sent out in August 2017.
The cooperative represents farms in Wisconsin, Minnesota, South Dakota, Michigan, Iowa, Illinois and Indiana through policy bargaining, dairy marketing services, laboratory testing opportunities and industry promotion. The group was formed in 2013 when Milwaukee Cooperative Milk Producers, Manitowoc Milk Producers Cooperative and Family Dairies USA merged into one organization.
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Source: Wisconsin Ag Connection
Link: http://www.wisconsinagconnection.com/story-state.php?Id=624&yr=2017