Pork producer purchases family farm
A pork producer in the region has bought a neighboring family farm.
Hamilton-based Dykhuis Farms acquired Peters Farm in Hamilton, at 4564 139th Ave., according to Grand Rapids-based Calder Capital today.
Peters Farm is a 90-acre, fourth-generation farm operated by Mike Peters and Julie Peters. The farm produces soybeans and corn.
The couple decided to sell the farm, so they could dedicate more time to their family.
“Our (six) children are getting older. It was becoming increasingly difficult to enjoy the kind of family time that we wanted, while also keeping up with the farm,” Mike Peters said.
The couple will no longer be involved with the opeartion.
Dykhuis Farms raises corn and soybeans on 3,000 acres of farmland, has 18,000 sows and markets about 450,000 pigs per year into the pork market.
The business plans to use Peters Farm for increased soybean and corn production.
“The acquisition of the Peters Farm was a great strategic fit for our growing family business,” said Bob Dykhuis, president and CEO, Dykhuis Farms. “The property is adjacent to our headquarters and is well-suited for additional production of corn and soybeans.”
Dykhuis Farms was founded in 1978 by Bob Dykhuis. It employs 140 people on a full- and part-time basis.
Calder Capital acted as M&A advisor to Peters Farm in the deal.