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Miyoko’s Creamery Founder Leaves Company

Leading plant milk dairy maker Miyoko’s Creamery and its founder, Miyoko Schinner, have parted ways as the company enters a new stage of growth. With this, Miyoko has exited as CEO and is no longer involved in day-to-day operations.

Miyoko’s Creamery has partnered with esteemed executive search firm, Heidrick & Struggles, to fill the open seat with a highly qualified, passionate, and mission-driven leader, ready to take the company into its next stage of growth. Company CFO, Jon Blair, has stepped into the role of interim president to guide this transition. Blair brings strong CPG experience and critical plant-based industry know-how to the role, having served as CFO at Rebbl and head of finance at Plum Organics.

Through this transitional period, Miyoko’s Creamery is making significant strides to perfect the art of creating cheese and butter from plant milks. The company continues to bring innovative, delicious and better-for-you dairy alternatives to market that appeal to consumers seeking plant-forward eating, including the company’s recently launched, category first-of-its-kind Cinnamon Raisin Plant Milk Cream Cheese product. 

The company remains ever committed to delivering the highest quality vegan products to serve customers and challenge category norms with taste appeal, culinary excellence, and compassion. Through this commitment, Miyoko’s Creamery continues to be a Public Benefit Corporation with a stated public benefit that includes “selling new products that contain only plants, no animal ingredients, in order to eliminate animal suffering, reduce environmental stress, and improve human health”.

“Looking towards the future and exponential growth of the company, we are excited to continue and expand upon our brand mission and uphold our certified B Corporation of innovating products that only contain plant ingredients that are better for human health,” Blair said. “We also plan to make our current portfolio of products more available and to innovate products with simple, vegan ingredients, time-honored techniques, and delicious flavors.

“We continue to be driven by our core company values of craft, compassion, conviviality and courage, with these principles as our guiding light for future growth to come in the coming months and years.”

Miyoko’s cheese and butter are loved by chefs, pizzaiolos, cheesemongers, and sommeliers worldwide. Rapidly becoming a foodie favorite, Miyoko’s products are widely available in over 20,000 retailers nationwide, including Whole Foods, Sprouts, Target, Kroger and Walmart as well as in-home delivery services like Whole Foods Market via Amazon delivery and Instacart via select retailers, as well as on Miyokos.com.

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José Sánchez Peñate Dairy, Coffee, Bakery Equipment for Sale

Gordon Brothers, the global advisory, restructuring and investment firm, is offering for immediate sale by private treaty machinery and equipment from four plants in the Canary Islands formerly leased by the firm to the Spanish food products manufacturer and distributor José Sánchez Peñate.

José Sánchez Peñate primarily produced dairy products from two plants in Tenerife, Spain, and manufactured and supplied coffee and bakery products from two plants in Gran Canaria. The complete plant and available machinery equipment are as follows:

  • Milk plant, including preparation, mixing, sterilization, cooling, packaging and palletizing systems.
  • Yoghurt plant, including raw material reception, pasteurization of milk, mixing station, pasteurization of yoghurt, addition of starter, fermentation, packaging, palletizing, cooling and storage.
  • Coffee plant, including raw materials reception, recipe preparation, roasting, milling, packing of coffee beans for restaurants or ground coffee, packaging, palletizing and storage.
  • Bakery plant, including raw materials reception, kneading machines, forming machines, cutting and boarding, fermentation area, baking and cooling, packaging and palletizing.

“This unprecedented food manufacturing plant sale is already generating global interest and is an amazing opportunity to acquire machinery and equipment worth millions of euros,” said Duncan Ainscough, managing director, commercial & industrial at Gordon Brothers. “With over €95 billion of assets appraised and disposed in the food and beverage industry, we are a trusted partner with a deep understanding of this sector and a strong history in maximizing asset value for companies in Spain and throughout Europe.”

The machinery and equipment is installed and inspections are available by appointment only. To view the full list of available assets, visit Gordon Brothers’ website: www.gordonbrothers.com/JSP.

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USDA Issues Details of Dairy Aid Programs

Photo: USDA

The U.S. Department of Agriculture announced the details of additional dairy aid, including a second round of payments through the Pandemic Market Volatility Assistance Program and a new Organic Dairy Marketing Assistance Program. The update to PMVAP and the new ODMAP will enable USDA to better support small- and medium-sized dairy operations who weathered the pandemic and now face other challenges.

“The Biden-Harris administration continues to fulfill its commitments to fill gaps in pandemic dairy aid for producers. USDA is announcing a second set of payments of nearly $100 million to close-out the $350 million commitment under PMVAP through partnerships with dairy handlers and cooperatives to deliver the payments.,” said USDA Under Secretary for Marketing and Regulatory Programs Jenny Lester Moffitt. “USDA is also announcing new assistance targeted to small to medium size organic dairy farmers to help with anticipated marketing costs as they face a variety of challenges from weather to supply-chain challenges.”

Pandemic Market Volatility Assistance Program

PMVAP assists producers who received a lower value due to market abnormalities caused by the pandemic and ensuing federal policies. As a result of the production cap increase, USDA’s Agricultural Marketing Service will make PMVAP payments to eligible dairy farmers for fluid milk sales between 5 million and 9 million pounds from July through December 2020. This level of production was not eligible for payment under the first round of the PMVAP.  Payment rates will be identical to the first round of payments, 80 percent of the revenue different per month, on fluid milk sales from 5 million to 9 million pounds from July through December 2020.  USDA will again distribute monies through agreements with independent handlers and cooperatives, with reimbursement to handlers for allowed administrative costs. USDA will contact handlers with eligible producers to notify them of the opportunity to participate.

As part of the first round, PMVAP paid eligible dairy farmers on up to 5 million pounds of fluid milk sales from July through December 2020. The first round of payments distributed over $250 million in dairy aid to over 25,000 eligible farmers. These dairy farmers received the full allowable reimbursement on fluid milk sales up to 5 million pounds.

More information about the PMVAP production cap increase is available at www.ams.usda.gov/pmvap.

Organic Dairy Marketing Assistance Program

The new ODMAP, to be administered by USDA’s Farm Service Agency, is intended to help smaller organic dairy farms that have faced a unique set of challenges and higher costs over the past several years that have been compounded by the ongoing pandemic and drought conditions across the country. Many small organic dairy operations are now struggling to stay in business and FSA plans to provide payments to cover a portion of their estimated marketing costs for 2023. Final spending will depend on enrollment and each producers projected production, but ODMAP has been allocated up to $100 million.

The assistance provided by ODMAP will be provided through unused Commodity Credit Corporation funds remaining from earlier pandemic assistance programs. The assistance will help eligible organic dairy producers with up to 75 percent of their future projected marketing costs in 2023, based on national estimates of marketing costs. This assistance will be provided through a streamlined application process based on a national per hundredweight payment. The payments will be capped at the first five million pounds of anticipated production, in alignment with preexisting dairy programs that target assistance to those smaller dairies that are most vulnerable to marketing challenges. This program is still in development.

Details about the Organic Dairy Marketing Assistance Program will be available and updated at www.farmers.gov as more details are released in a Notice of Funds Availability later this year.

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