Farm Show 2020, By AGDAILY Reporters Published: December 16, 2019. A prospective buyer will want to see that the farm is in good working order with regular maintenance being made a priority. Rose Acre Farms, Inc. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward looking statements will be achieved. Plaintiffs alleged Rose Acre Farms and two industry groups conspired with others in order to raise shell egg prices, including that the defendants created an animal-welfare program as a pretext to raise egg prices. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies in connection with the proposed transaction, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in the Registration Statement that has been filed with the SEC by Star Peak, which includes the proxy statement / prospectus for the proposed transaction. If you continue to use this site we will assume that you are happy with it. The company is the second-largest egg producer in the U.S. "That's OK if what we care about is GDP and gross farm receipts," said Young. Rose Acre Farms has approximately 25 million chickens, 85 percent of which on average lay an egg daily at one of the companys farms in Indiana, Illinois, Iowa Missouri, Georgia or North Carolina. We go by consumer demands. These include cage-safe, cage-free, brown or vegetarian eggs, ones enriched with Vitamins D and E, Omega 3, lutein and choline, ones with 25 percent less saturated fat and sport protein powder made from egg whites. But Hsueh said most of the younger interns she met can't afford the price of entry to farming today. No Offer or SolicitationThis communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Join the conversation All rights reserved. First impressions matter, especially for such a significant investment. In closing arguments last week, Porter Wright attorney Jim King reminded jurors it was the egg buyers who required producers to only sell eggs produced in compliance with the animal-welfare standards, and that egg prices went to historic lows after the standards were put into place. There is job security with working at Rose Acre and they are flexible with schedule for the most part as long . In 2021, Rose Acre Farms completed the sale of a soybean crushing facility to Benson Hill. The last step is to work with a lawyer thats knowledgeable and experienced in agricultural real estate transactions. At the time of sale, the two companies had already been collaborating on soybean supply chains for more than a year. At Lerners LLP, our Agricultural Law Group can help clientswith all aspects of agricultural law, from sales to financing to succession planning and wills. So our objective is to keep them healthy and unstressed.. Chickens are social by nature they are flocking birds, Hendrix points out. We will explain all your options until you say you understand them. $1,000,000 of the capital gain on the sale of qualified farm property is exempt from capital gains taxes. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Benson Hills integrated supply chain strategy combines improved crop innovation through its CropOS technology platform with traceable field to fork production. "We have had an amazing run connecting local organic farmers and producers with the Ossington community over the last five years," Fresh City Farms CEO Ran Goel tells blogTO. Midwest senators propose $250K hard cap on farm subsidies, Videos tell corn farmer stories as Congress debates farm bill, Farmers, ranchers reject Spartzs anti-checkoff amendment, Scientists explore using virus structure against aphids, Farmer Derek parodies Bad Guy with farm-loving Kansas song, Athletes in Agriculture: Dairy cow nutritionist and fitness racer Laurie Winkelman, Farm Bureau cautions ranchers against signing voluntary agreements, After trip to the ER, Kentucky rancher advocates for safety, Ag on Instagram: The best farm photos from July 28, 2023, Ag on Instagram: The best farm photos from July 27, 2023, Petersons Wheat Haulin a parody of Tom Pettys biggest hit, Human remains found in suitcase on Texas ranch, Farmers Almanac 2023 forecast: Shake, shiver, and shovel. 7/20/2023 PLEASE CALL YOUR DELIVERY LOCATION PRIOR TO DELIVERING TO CONFIRM DELIVERY HOURS CBOT Closing Prices We pay a premium for high test weight corn. The. If youre ready to sell farmland in Ontario, weve outlined five steps that you should be aware of in order to make an informed decision. The facilitywill also continue to serve existing customers. The acquisition of the Rose Acre Farms soybean crushing facility represents an important next step in the execution of our playbook for growth, said Bruce Bennett, President, Ingredients at Benson Hill. For the second time in two years, Rose Acre Farms Inc. of Seymour, Indiana, successfully defended allegations of price-fixing in a federal antitrust case related to the sale of shelled eggs. At that point, with no succession strategy in place, Maynard and his brother suddenly had to scramble to find a way to keep the farm in the family and just barely managed to do so. Additional InformationThis communication is being made in respect of a proposed merger (the Merger) and related transactions (the proposed transactions) involving Star Peak and Benson Hill. Eggs are the most economical source of good quality protein. Enjoy seasonal activities like strawberry picking, pick your own pumpkins, fresh fries from our chip truck, and local food from our Farm Store! In some cases, you can identify forward-looking statements by terminology such as may, should, expect, intend, will, estimate, anticipate, believe, predict, or the negatives of these terms or variations of them or similar terminology. Forward-Looking StatementsCertain statements in this communication may be considered "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. It received its Class II Air Quality Permit on Nov. 19, 2018. Thanks to everyone who came to see us. ", "Rose Acre Farms remains committed to the local farming community, a value Benson Hill shares. More information on how to vote can be found at:https://stpc.starpeakcorp.com/How-to-Vote/. Terms of Use | Privacy Policy | Customer Terms & Conditions, Benson Hill to Host Introductory Webcast and Q&A for Retail Investors Interested in Learning More About the Sustainable Food Technology Company Driving the Plant-Based Food Revolution, Benson Hill Announces Closing of Acquisition of Soy Crushing Facility Assets, https://stpc.starpeakcorp.com/How-to-Vote/. This is in addition to a variety of egg sizes and package quantities. The terminal and line are named after the late Tanya Cecil, who was the president of the Arizona & California Railroad for many years. But they have more body weight and require more feed, so the price of their eggs is higher. Cision Distribution 888-776-0942 The case at issue concerned their operation in Hyde County, North Carolina, which houses 3.5 million hens. ST. LOUIS, MO September13, 2021Benson Hill, Inc. (the Company or Benson Hill)a food tech company unlocking the natural genetic diversity of plants with its cutting-edge food innovation engine, today announced theexpansion of its ingredients infrastructureby entering into a definitive agreement to purchase a soybean crushing facility from Seymour, Indiana-based Rose Acre Farms. Box 1250 Seymour, IN 47274 812-497-2557 For Egg Sales: Director of Sales: Amanda Jackson National Sales Manager - Shell Eggs: Mark Nolting Sales - Egg Products: Ginny Gunderson For Sport Protein: National Sales Manager - Sport Protein Dried: Ryan Hackman For Corn and Soybean Questions/Commodities Purchasing: Joe Easton Floor chickens burn more energy and, therefore, need more food, which raises the prices of their eggs. The majority of the chickens that lay white eggs are white leghorns. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Plant to PlateInspiring ScienceReal ResultsBold Leaders. The facility will ultimately have the capacity to process Benson Hill's proprietary soybean varieties to serve that market, including the first commercial plantings of its Ultra-High Protein soybeans, which will be harvested this fall. We provides a range of commodity shell eggs, specialty eggs, and egg products. Contact Tony directly. Company Description: Rose Acre Farms is an innovative company dedicated to producing shell eggs and egg products of exceptional quality while protecting animal health and welfare. During these economic times, people trade down on their proteins, Hendrix asserts. We can work with you and other advisors such as your accountant, realtor and/or valuator to determine the price and structure of any proposed sale transaction. This investment represents a significant milestone in the execution of the Companys growth plan, and will be funded through the expansion of Benson Hills debt facility with Western Technology Investment. In Maynard's case, when his grandfather suddenly needed to retire in 2015, he and his brother bought 70 per cent of the farm. Family owned for five generations, Rose Acre Farms has been operating since 1939. A Special Meeting to approve the pending business combination between Star Peak and Benson Hill, among other items, has been scheduled for September 28, 2021 at 11 a.m. Acre Farms Inc Rose Acre Farms - Inc Newton County Egg Farm SIC Code 25,252 NAICS Code 11,112 Show More Top Competitors of Rose Acre Farms Herbruck's Poultry Ranch Inc 800 $169.4M 1 Cal-Maine Foods Inc 3,151 $1.5B 2 Michael Foods Inc 4,300 $1.5B "We are continuing to explore ways to support the next generation of farmers in starting up and transferring farms," the ministry said in a statement. Open 9am to 5pm; Friday, Saturday, Sunday + Holiday Mondays, from May 19 to Oct 29, 2023. Type Private Status Active Founded 1944 HQ Seymour, IN, US | view all locations Website http://www.goodegg.com Cybersecurity rating Sectors Food & Beverage The proposed transactions will be submitted to stockholders of Star Peak for their consideration and approval at a special meeting of stockholders. On May 10, 2021, Benson Hill announced a definitive business combination agreement with Star Peak Corp II (NYSE: STPC). Featuring local fruits & exotic flavours, there is something for every taste, with new variations to try almost every week. The Company recently announced it exceeded its target to double contracted soybean acres, delivering a 133 percent year-over-year increase for the 2021 growing season. For a floor bird, their norm is having birds everywhere. So when they get out, theyre in a panic, and its not good if thats the environment theyre used to. The company says it will be. This investment representsa significant milestonein the execution of the Company's growth plan, and will be funded through the expansion of Benson Hill's debt facility with Western Technology Investment. "We go by consumer demands." These include cage-safe, cage-free, brown or vegetarian eggs, ones enriched with Vitamins D and E, Omega 3, lutein and choline, ones with 25 percent less saturated fat and sport protein powder made from egg whites. When my parents got married in 1954, they built a chicken house, and they kept building them, Hendrix explains. For more information about the capital gains tax for farmland, refer to the Ontario Ministry of Agriculture, Food and Rural Affairs. More information can be found atbensonhill.comor on Twitter at@bensonhillinc. Chickens in cages also are safer from diseases that can be transmitted from droppings on house floors. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. 905-473-3574. ", Audience Relations, CBC P.O. Miller is the first general counsel Rose Acre Farms has had. The company says it will be closing its farm in the White County town of Monon in June. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Star Peak and its management, and Benson Hill and its management, as the case may be, are inherently uncertain factors that may cause actual results to differ materially from current expectations include, but are not limited to: 1) the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive merger agreement with respect to the business combination; 2) the outcome of any legal proceedings that may be instituted against Star Peak, the combined company or others following the announcement of the business combination and any definitive agreements with respect thereto; 3) the inability to complete the business combination due to the failure to obtain approval of the stockholders of Star Peak, to obtain financing to complete the business combination or to satisfy other conditions to closing; 4) changes to the proposed structure of the business combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the business combination; 5) the ability to meet the New York Stock Exchanges listing standards following the consummation of the business combination; 6) the risk that the business combination disrupts current plans and operations of Benson Hill as a result of the announcement and consummation of the business combination; 7) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; 8) costs related to the business combination; 9) changes in applicable laws or regulations; 10) the possibility that Benson Hill or the combined company may be adversely affected by other economic, business and/or competitive factors; 11) Benson Hills estimates of its financial performance; 12) the impact of the COVID-19 pandemic and its effect on business and financial conditions; and 13) other risks and uncertainties set forth in the sections entitled Risk Factors and Cautionary Note Regarding Forward-Looking Statements in Star Peaks Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 31, 2021, in the Registration Statement containing the proxy statement / prospectus relating to the proposed business combination, and other documents filed or to be filed with the SEC by Star Peak. We look forward to continuing our partnership with Benson Hill and believe they will continue to be a valuable member of our community. The 33-year-old's situation is not uncommon. The problem, she said, is that many farmers have become heavily leveraged in recent decades, having borrowed against the rising value of their farm properties which spiked nearly 40 per cent per acre on average between 2011 and 2016, according to Statistics Canada. HURON, South Dakota, July 19, 2023 - The U.S. Department of Agriculture (USDA) is accepting offers for nearly 2.7 million acres from agricultural producers and private landowners through this year's Conservation Reserve Program (CRP) Grassland signup. 2023 CIRCLE CITY BROADCASTING I, LLC. There may be additional risks that Star Peak and Benson Hill presently do not know or that Star Peak and Benson Hill currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. The proposed transactions will be submitted to stockholders of Star Peak for their consideration and approval at a special meeting of stockholders. "It's not the way Canadian agriculture should be doing things," he said. It offers shell, liquid and dried eggs, as well as egg protein powder. The views or opinions expressed in this article are those of the author and may not reflect those of AGDAILY. Farm Shop. However, before we can assist you, we must first ensure that we do not have a conflict of interest. Media ContactBenson HillMelanie Bernds314-605-6363mbernds@bensonhill.comMedia Kit. Every week has something new to discover. Families and foodies alike make regular visits to our Farm Shop for Annas incredible pavlovas. A lawyer will assist you in finalizing the Agreement of Purchase and Sale, respond to any title issues that the purchasers lawyer raises, and will assist you in closing the sale transaction. What Do Consumers Need To Do? The transaction is subject to customary closing conditions, and is expected to close by the end of September. The tender system allows a prospective buyer to make their best offer (or bid) on the farmland they wish to purchase. They need lots of good water and good air. All stockholders as of August 9, 2021 are encouraged to vote their shares by September 27, 2021 at 11:59 p.m. Toronto, ON M5V 3M2, 53 Front Street West On the brief was Robert R. Clark. If you eat it in three days, it tastes better, she insists. Benson Hill empowers innovators to unlock nature's genetic diversity from plant to plate, with the purpose of creating healthier, great-tasting food and ingredient options that are both widely accessible and sustainable. Benson Hill, Inc. (the "Company" or "Benson Hill") a food tech company unlocking the natural genetic diversity of plants with its cutting-edge food innovation engine, today announced the expansion of its ingredients infrastructure by entering into a definitive agreement to purchase a soybean crushing facility from Seymour, Indiana-based Rose Acre Farms. Participants in the SolicitationStar Peak and Benson Hill and their respective directors, executive officers, other members of management, and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of Star Peaks stockholders in connection with the proposed transaction. In case you are unfamiliar with the case, Rose Acre Farms was started by the Rust family in the 1930's with two hen houses and is now an industry-leader in egg production, with 17 facilities in six states. , . A groundbreaking for the new Desert Valley Egg Farm was held Friday, May 5. WHITE COUNTY, Ind. couples are reinventing the family farm, CBC's Journalistic Standards and Practices. Genetically engineered seeds are now used on most U.S. soybean farms and use of pesticides, fertilizer, and precision agriculture all rose. Kitchener, ON N2H 4B6. Investors, Star Peak's stockholders and other interested parties are advised to read, when available, the preliminary proxy statement, and any amendments thereto, and the definitive proxy statement in connection with Star Peak's solicitation of proxies for its special meeting of stockholders to be held to approve the proposed transaction because the proxy statement / prospectus will contain important information about the proposed transaction and the parties to the proposed transaction. The store has posted an announcement on social media letting people know they will be closing the store, citing the impacts of lockdowns, restrictions and inflation as the primary causes for the closure. WHITE COUNTY, Ind. A growing number of farmers are nearing retirement without having formally planned for their successors, putting the next generation of small-scale farming at risk something Maynard and advocates are urging farming families to think about. The problem, she said, is that many farmers have become heavily leveraged in recent decades, having borrowed against the rising value of their farm properties which spiked nearly 40 per cent . To deal with odors from chicken manure, they must operate an in . This milestone reflects continuedmomentum to advanceour vision for amoremodern, resilientandsustainable food system, starting with seed that is better from the beginning,saidMatt Crisp, Chief Executive Officer of Benson Hill. When selling a farm, it is important you consider the value, plan for taxes, and reduce any future liability. A private sale puts the onus on the farmer to market the farm for sale, find a buyer and ensure the necessary sale agreement is completed (with the assistance of a lawyer). WHITE COUNTY, Ind. Qualified farm property includes: farm land and buildings, shares in a family . 275 Items - Items Begin Closing at Jul 28 12:00 PM CDT. Homemade Baking is becoming a local phenomenon so discover whats new each weekend. A property survey is also important, particularly if you are selling farmland to developers. Undervaluing will leave money on the table, and overvaluing will leave your farm sitting on the market for longer than you may want. Investors, Star Peaks stockholders and other interested parties are advised to read, when available, the preliminary proxy statement, and any amendments thereto, and the definitive proxy statement in connection with Star Peaks solicitation of proxies for its special meeting of stockholders to be held to approve the proposed transaction because the proxy statement / prospectus will contain important information about the proposed transaction and the parties to the proposed transaction. Annual Return Filings for CNCA Not-for-Profit Corporations File It or Risk Being Dissolved! *1261 Geoffrey G. Slaughter, Taft, Stettinius & Hollister, LLP, of Indianapolis, Indiana, argued for plaintiff-appellee. #57 + 1 cent #58 + 2 cents #59 + 3 cents #60 + 4 cents #61 + 5 cents All Prices Subject to Change without Notice and Do So Throughout the Day. In connection with the proposed transactions, Star Peak has filed a Registration Statement on Form S-4 (the "Registration Statement") with the Securities and Exchange Commission (the "SEC"), which includes a proxy statement to be distributed to Star Peak stockholders in connection with Star Peak's solicitation for proxies for the vote by Star Peak's stockholders in connection with the proposed transactions and other matters as described in such Registration Statements and a prospectus relating to the offer of the securities to be issued to Benson Hill's stockholders in connection with the completion of the Merger. , , , , , , Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, https://stpc.starpeakcorp.com/How-to-Vote/. We expect this transaction will result in value to our local farmers, particularly as opportunities for Benson Hills network of farmer partners continues to expand.. Neither Star Peak nor Benson Hill undertakes any duty to update these forward-looking statements, except as otherwise required by law. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Email:Christi DixonSr. Director of Public Relations & Events. The company says it will be closing its farm in the White County town of Monon in June. Its also wise to have cropping information, soil testing results, quota, yields and other details that show the productivity of your farm. We look forward to continuing our partnership with Benson Hill and believe they will continue to be a valuable member of our community. Additional information about the transaction can be viewed at:https://bensonhillwp.wpengine.com/investors/orhttps://stpc.starpeakcorp.com/. The facility will ultimately have the capacity to process Benson Hills proprietary soybean varieties to serve that market, including the first commercial plantings of its Ultra-High Protein soybeans, which will be harvested this fall. A properly drafted Agreement of Purchase and Sale will reduce any future liability you may have to the purchaser and protect you and the proceeds you received from the sale. Starting with a chicken egg, Rose Acre Farms creates multiple variations to meet the specific demands of its different customers. Currently we offer 8 flavours for pre-order. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. While this might seem like a daunting preparation list, remember that it will help the sale of your farm to go more smoothly in the long run. The reasons for selling a farm vary. Plaintiffs include Kroger Co., Giant Eagle Inc., Publix Super Markets, Inc., H-E-B Grocery Company, Safeway, Inc., Winn-Dixie Stores, Inc., Albertsons Companies, Inc., Hy-Vee, Inc., Walgreens Company, SuperValu, Inc., Roundys Supermarkets, Inc. and A&P. Open 9am to 5pm; Friday, Saturday, Sunday + Holiday Mondays, from May 19 to Oct 29, 2023. She has found there's no shortage of young people armed with business plans who want to get into farming, and older farmers who want to see their land farmed by a new generation when they retire. Syrian farming families get back to the land in Nova Scotia, Homesteading: How P.E.I. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Stockholders will also be able to obtain copies of the proxy statement / prospectus, without charge, once available, at the SECs website atwww.sec.govor by directing a request to: Star Peak Corp II, 1603 Orrington Avenue, 13th Floor, Evanston, Illinois 60201. It operates 17 facilities in eight states, according to the company website. We buy the majority of our corn from local farmers, and in most of our facilities, we grind our own feed. In the 2018 class action case that resulted in a defense verdict in Rose Acres favor, the class was also seeking more than $1 billion in damages, which could have also resulted in a $3 billion verdict after trebling. Products Our Products Uncompromising Quality and Availability As a leading egg producer in the United States, Rose Acre Farms provides a range of commodity shell eggs, specialty eggs, and egg products. LERNx is committed to making the law easier to access for all by publishing high-quality and industry-leading content. Benson Hill's integrated supply chain strategy combines improved crop innovation through its CropOS technology platform with traceable field to fork production. In closing arguments last week, Porter Wright attorney Jim King reminded jurors it was the egg buyers who required producers to . Their social media announcement also says they'll continue to offer select items at The Healthy Butcher, and that they'll be focusing on improving their online shopping experience which will still be available. Apr 1989 - Nov 201122 years 8 months. A successful farm transition tends to require time and planning, so when a farmer comes to Young wanting to sell his property to a new farmer for $5 million by next weekend, she can't help, she said. The transaction is subject to customary closing conditions, and is expected to close by the end of September. wishtv.com your home page, All Indiana Podcast Network Feature of the Week, Business, Equity and Opportunities Podcast with Scott Sander, Not my first rodeo, little buckaroo: Dukes daring local linemen hope to head to international rodeo this fall, Buckeyes star WR Marvin Harrison Jr. yearns for chance to thrive on fathers stage, myIPS school board meeting from July 2023, 1 dead after Shelby County crash, SR 9 closed, All lanes of EB I-465 on Indys south side reopen after fatal dump truck crash. Make A public sale uses a realtor and MLS to market the property and complete the necessary sale agreement. SEYMOUR, Ind. Accordingly, unless you are currently a client of Lerners LLP, we ask that you do not include any confidential information in this email. They're successful today, but Maynard said they're exception to the rule. Rose Acre Farms | 5,958 followers on LinkedIn. . Qualified farm property includes: farm land and buildings, shares in a family farm corporation, an interest in a family farm partnership and quota. "Our grandfather didn't really want to talk about selling the farm, ever, until it was too late and he had to," Maynard said. That means farm owners need to sell their properties for full market value in order to retire, said Young, so the only buyers tend to be large agricultural operations consolidating farmland in rural areas or, if the farm is in the shadow of a city, property developers.
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