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Maine’s Own Organic Milk Company
Maine’s Own Organic Milk Company, L3C, or MOOMilkCo, was a low-profit, partly farmer-owned, L3C corporation set up to help Maine organic family dairy farms maintain a market and achieve profitability. It was established with 10 organic dairy farms that were dropped by H.P. Hood, a large dairy product distributor. The company allocated 90% of profits back to the farms as payment for their milk, and "the remaining 10% will be retained for the business end of the company, which is a joint effort of the Maine Farm Bureau and the Maine Organic Farmers and Gardeners Association." On May 17, 2014, the company ended production. It terminated its agreement with Smiling Hill Farm, its exclusive processor because of equipment failure: an "antiquated carton filler" that was "not capable of meeting the current and future requirements of MOO." Although the MOO brand is no more, the company is still seeking to secure some other long-term contract for its farmers. History After Hood stopped ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Low-profit Limited Liability Company
A low-profit limited liability company (L3C) is a legal form of business entity in the United States. Commonly referred to as a hybrid structure, it has characteristics of both for-profit and non-profit entities. L3Cs were created to comply with the Internal Revenue Service (IRS) program-related investments (PRIs) rules which allow most typically private foundations the ability to maintain tax-exempt status through investments in qualifying businesses and/or charities. With a social mission as the primary objective and a secondary objective of profit generation, the L3C legal form is considered a viable option for businesses seeking a reputation or marketability for being a social enterprise. Background & Concept The L3C structure was designed by Robert M. Lang, Jr., who was the CEO of a New York-based family foundation. Lang developed the structure as a way for foundations to clear tax and regulatory hurdles when it came to donations. With the first L3C statute being enacted in 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Organic Milk
Organic milk refers to a number of milk products from livestock raised according to organic farming methods. In most jurisdictions, use of the term "organic" or equivalents like "bio" or "eco", on any product is regulated by food authorities. In general these regulations stipulate that livestock must be: allowed to graze, be fed an organically certified fodder or compound feed, not be treated with most drugs (including bovine growth hormone), and in general must be treated humanely. There are multiple obstacles to forming firm conclusions regarding possible safety or health benefits from consuming organic milk or conventional milk, including the lack of long term clinical studies. The studies that are available have come to conflicting conclusions with regard to absolute differences in nutrient content between organic and conventionally produced milk, such as protein or fatty acid content. The weight of available evidence does not support the position that there are any clinic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dairy Farm
Dairy farming is a class of agriculture for long-term production of milk, which is processed (either on the farm or at a dairy plant, either of which may be called a dairy) for eventual sale of a dairy product. Dairy farming has a history that goes back to the early Neolithic era, around the seventh millennium BC, in many regions of Europe and Africa. Before the 20th century, milking was done by hand on small farms. Beginning in the early 20th century, milking was done in large scale dairy farms with innovations including rotary parlors, the milking pipeline, and automatic milking systems that were commercially developed in the early 1990s. Milk preservation methods have improved starting with the arrival of refrigeration technology in the late 19th century, which included direct expansion refrigeration and the plate heat exchanger. These cooling methods allowed dairy farms to preserve milk by reducing spoiling due to bacterial growth and humidity. Worldwide, leading dairy i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Horizon Organic
Horizon Organic is an American company, founded in 1991, that produces organic milk and other organic food products. Horizon Organic is the largest supplier of organic milk in North America. Its products are sold in supermarkets and grocery stores. Horizon produces organic milk in Maryland and also purchases the majority of its organic milk (more than 99 percent) from more than 700 dairies in 23 states. Prior to being acquired by (now former parent company) Dean Foods, Horizon was a public company and owner of the organic dairy brands: Juniper Valley Farms, The Organic Cow of Vermont and United Kingdom brand Rachel's Organic. Horizon Organic's products are certified organic by the USDA and advertised as free of antibiotics, growth hormones and pesticides. History Horizon was founded in Boulder, Colorado in 1991 and began selling nationally in 1994. The company sponsored a local K-8 school's extracurricular activities and even named their mascot, the Horizon Heifers. The company ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stonyfield Farm
Stonyfield Farm, also simply called Stonyfield, is an organic yogurt maker and dairy company located in Londonderry, New Hampshire, United States. Stonyfield Farm was founded by Samuel Kaymen in 1983, on a 19th-century farmstead in Wilton, New Hampshire, as an organic farming school. The company makes the second leading brand of organic yogurt in North America, with 13.3% of the market. The company is owned by the second largest dairy company in the world, the French group Lactalis. History In 2001, Groupe Danone, a French food product company whose brands include Evian bottled water and Danone/Dannon yogurt, purchased an initial 40% of Stonyfield shares. This was followed with additional purchases such that Group Danone owned the entire company by 2014. Gary Hirshberg is chairman and former president and CEO of Stonyfield Farm. Through its Profits for the Planet program, Stonyfield gives 10% of profits to environmental causes. Its milk comes from New England and Midwest dairy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Organic Valley
Organic Valley (OV) is an organic food brand and independent cooperative of organic farmers based in La Farge, Wisconsin, United States. Founded in 1988, Organic Valley is the nation’s largest farmer-owned organic cooperative and one of the world's largest organic consumer brands. Organic Valley markets products such as milk, cheese, eggs, soy, protein shakes, butter, yogurt, organic snack items, and more. Under the Organic Prairie brand, the cooperative markets organic beef, pork, chicken, and turkey products. With 1,800 farmer-owners across the United States, Canada, Australia, and the United Kingdom, Organic Valley markets its products in all 50 states and exports to 25 countries. Cooperative history Organic Valley was founded in 1988 under the name 'CROPP (Coulee Region Organic Produce Pool) Cooperative. What began as a group of Wisconsin family farms selling their produce soon expanded into the production and local distribution of vegetables, and dairy products. The bra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Smiling Hill Farm
Smiling Hill Farm is a 500 acre traditional New England farm encompassing parts of the municipalities of Westbrook, Scarborough, and Gorham, Maine. Founded in 1720 as the homestead of Nathaniel Knight, the 12th-generation descendants continue to operate the farm today. Known as the "Knight Farm", the farm was renamed "Smiling Hill Farm" by Roger D. Knight in 1974. Roger named the farm after a favorite childhood book, "Smiling Hill Farm" by Miriam E. Mason (1937). Smiling Hill Farm is known for its characteristic smiling cow logo. According to Family Business magazine, Smiling Hill Farm is the 9th oldest continually operating family business in the United States. History Smiling Hill Farm was founded in the 1720s as the home of the Knight family. The Knights had been in Scarborough since the mid-1600s starting with George Knight d.1671. Following George's early death, his widow left the family's land holdings in the Dunstan region of Scarborough for the relative safety of Ports ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oakhurst Dairy
Oakhurst Dairy is a company in the dairy industry that sells mostly milk products, as well as juices. It was founded in 1918, and is headquartered in Portland, Maine. History The company's earliest predecessor was a dairy farm founded in 1902 by Arthur Leadbetter, located in Portland. The name was changed to Oakhurst in 1918, and in 1921 Stanley Bennett, who had been employed to manage the operation in 1920, bought the farm with financing from a local businessman, Nathan Cushman. At the time, Oakhurst delivered its milk via horse-drawn wagons over two routes. By 1923, the company had expanded to deliver milk over twelve routes and in 1929 there were 28 routes, including two dedicated to selling milk wholesale. During its early years, Oakhurst focused on providing milk of higher quality than competing firms, and frequently inspected conditions at its farms and processing facilities. In 1933, Oakhurst began testing its milk for tuberculin, the first dairy in the US to do so. By the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
US Dollar
The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its equi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hannaford Bros
Hannaford is an American supermarket chain based in Scarborough, Maine. Founded in Portland, Maine, in 1883, Hannaford operates stores in New England and New York. The chain is now part of the Ahold Delhaize group based in the Netherlands, and is a sister company to formerly competing New England supermarket chain Stop & Shop. History Hannaford was founded in 1883 by Arthur Hannaford as a small produce store along the Portland, Maine waterfront. In 1915, its location was 164–168 Commercial Street, a site now occupied by a Gorham Savings Bank. He was joined in 1902 by his brothers, Howard and Edward, and they incorporated Hannaford Bros. Co. By 1920, the company became a leading produce wholesaler in northern New England. Hannaford then relocated to a new five-story warehouse on Cross Street. In 1939, with the purchase of Tondreau Supermarkets Inc., sponsor of Red & White stores in Maine, Hannaford expanded into the wholesale grocery business. Late in 1944, Hannaford C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Associated Grocers Of Maine
Associated Grocers of Maine was a retailers' cooperative serving independent supermarkets in Maine, New Hampshire, Vermont, and Massachusetts, USA. It was founded in 1953 and was a member of Retailer Owned Food Distributors & Associates Background Retailer Owned Food Distributors and Associates (known as ROFDA), in the spirit of co-opetition, is an organization of wholesale food distributors that are owned by their U.S. retail independent retail grocer members. There are thre .... It distributed Shurfine products in its stores. It went into receivership on April 26, 2011. External links [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Overhead (business)
In business, overhead or overhead expense refers to an ongoing expense of operating a business. Overheads are the expenditure which cannot be conveniently traced to or identified with any particular revenue unit, unlike operating expenses such as raw material and labor. Therefore, overheads cannot be immediately associated with the products or services being offered, thus do not directly generate profits. However, overheads are still vital to business operations as they provide critical support for the business to carry out profit making activities. For example, overhead costs such as the rent for a factory allows workers to manufacture products which can then be sold for a profit. Such expenses are incurred for output generally and not for particular work order; e.g., wages paid to watch and ward staff, heating and lighting expenses of factory, etc. Overheads are also a very important cost element along with direct materials and direct labor. Overheads are often related to accounti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
