Dairylea’s members will be asked to vote on the proposal during a special meeting next February.
“It’s a beneficial transaction for all concerned — a true win-win,” Rick Smith, president and chief executive officer of Dairy Farmers of America, told the news media on Oct. 16.
“In many ways, a merger with DFA is simply a continuation of the working relationship that Dairylea has forged with DFA during the past 12 years,” Smith said.
Working together, Dairylea and DFA have created efficiencies in milk assembly, transportation and marketing, as well as joint management of Farm Services and membership operations in the Northeast. These cost-efficiencies are expected to continue and grow following the merger.
Dairylea’s farmer Board of Directors spent the past three years in a comprehensive examination of how to best position Dairylea’s members for the future.