Rice Dairy, LLC and Commodity Risk Management Group Combine Forces to Form Vault

Rice Dairy, LLC (Chicago) and Commodity Risk Management Group (Platteville, Wis.) have announced the partnership between the two businesses to create a single brokerage company that will service the agriculture and dairy industries under the banner of Vault Ag Holding Company, LLC (Vault). This exciting combination joins two progressive brokerage companies to escalate the overall customer experience in the form of services, products, education, and technology. With both companies bringing together a very specific customer offering and different demographics, the combination of resources will allow the new entity to roll out one dynamic platform across the US.

 

 

Rice Dairy, LLC is a dairy brokerage company (Brian Rice and Peter Turk, principals) that has provided price risk management solutions throughout the entire dairy value chain since 2002. The company is known as a pioneer and innovator in the dairy industry focused on improving risk management services with value-added solutions and cutting-edge technologies.

“When I started Rice Dairy back in 2002, my vision was to arm our clients with the right tools and information for participation in a very competitive marketplace,” states Rice, who founded the company. “My vision is now backed with a high level of risk management offerings. The proof of our success is found in our continued customer satisfaction. Combining forces with Commodity Risk Management Group will elevate our suite of price risk management services for years to come.”

Commodity Risk Management Group, owned by Mike North, is an agricultural brokerage company that specializes in price risk management services. Their clients include grain and hog farmers, cattle ranchers, and dairymen. Based on a diverse platform which includes consulting, cash grain marketing, and technology, the company has had tremendous growth since its establishment in 2014.

“Our focus at Commodity Risk Management Group has been strong in many agricultural markets,” says North. “My longstanding involvement in the dairy industry has allowed me a great relationship with Rice Dairy. We have always been friendly competitors with great respect for each other while sharing the same values and integrity. When I looked at next steps in company growth, Rice Dairy was a natural choice to partner with as we complement each other in numerous ways.”

 

 

Under Vault, the combination will bridge Vault Technologies LLC and Commodity Risk Management Group’s customer/broker CRM system as well as their insurance agencies, Rice Dairy Risk Services, LLC, and Commodity Insurance Services.

“This is a very exciting combination not only for our two companies but for the agricultural and dairy industries as well,” notes Turk. “We both have focused on building platforms with outstanding personnel that provide services that the customers need and want. And though we both have strong brands in our respective sectors, we chose Vault as our banner — a signal that technology will lead the way.