- 5 - Farm Business From the 1970s through 1992, farming was petitioner’s primary source of income. Michael Hoover and Tadd Hoover worked for petitioner during the years in issue. Beginning in the late 1970s and continuing through 1992, petitioner’s farming activities included a dairy herd operation. During the years at issue, petitioner’s dairy herd consisted of approximately 60 cows, 30 heifers, and 17 calves. Petitioner sold all the milk produced by his dairy herd to Best Ever Dairy of Anderson, Indiana (Best Ever Dairy), from 1989 to 1992.5 Before October 31, 1988, Best Ever Dairy issued one check made payable to petitioner for each milk purchase. By letter dated September 27, 1988, petitioner instructed Best Ever Dairy to issue two checks for each milk purchase. Petitioner directed Best Ever Dairy to issue one check payable to Michael Hoover in an amount equal to one-half of the amount due and a second check payable to petitioner for the balance. Best Ever Dairy complied with petitioner’s instructions beginning with its payment made on October 31, 1988. Petitioner did not give any of the milk proceeds to Michael Hoover. After petitioner’s September 27, 1988, letter, petitioner sent an undated letter to Best Ever Dairy that revised the 5 From 1988 to 2003, Best Ever Dairy has been known as Best Ever Dairy, East Side Jersey Dairy, and Prairie Farms Dairy.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011