1. Notable ownership

2. Name & Etymology

3. History and age of company

4. Today

5. Environmental Activism

6. References

7. External links

Halydean Corporation is a vertically integrated dairy and beef industry consolidation holding company. It is the oldest agricultural company in the world—founded in {{start date and age|1128}} by 12th century Scottish king David I of Scotland.

Throughout its history, the company passed from one propietorship to the next. Although founded by a Scottish monarch, it was operated by the Catholic Church which allowed it to enjoy perpetual tax exemption. In 1545, ownership passed hands to a Royal Burgh during the reign of Mary, Queen of Scots. During the reign of her son, the "King of Great Britain and Ireland" James VI and I, the company passed into private ownership, albeit assigned to various members of Scottish peerage.

The company's current incarnation can be traced back to 2014 when it was reorganized as a Delaware corporation. It is currently headquartered in Hayward, Wisconsin in the United States of America, but primarily consists of holdings in subsidiaries. In 2016, it became a publicly-traded company listed on the stock exchange. The company, a classic rollup, targets dairy facilities for mergers and acquisitions each worth an average $34 million USD, and is moving to increase its revenues from US export sales.^[1]

Notable ownership

Below is a list of past owners of Halydean Corporation, which is diverse.

Halydean had many incarnations, with reorganizations and even a redomicile. It is unique in that it was founded by the Crown, owned by the Catholic Church, then owned by the state, then owned privately by a succession of Lords and Barons,^[6] and is currently listed as a publicly traded company.^[7] Under feudalism, Halydean had the legal authority of "pit and gallows," which is to say, to carry out the death sentence. The original charter also specified that the organization was tax exempt. Halydean was rivaled in Scotland only by St Andrews, another barony owned by the Catholic Church. ^[8]

Name & Etymology

At the time of its creation, Halydean was owned by the Catholic Church. It was controlled by the Kelso Abbey, in the Royal Burgh of Roxburgh, Scotland. The Dean (Christianity) of the abbey was called the "Holy Dean," and the agricultural & grazing lands given to the Monks of Selkirk became known as The Barony and Lordship of Halydean.^[9]

History and age of company

The company states that it has "more than 100 years of operational history," ^[10] which refers to the age of its subsidiaries, however, there are well documented legal records showing that the entity had its establishment in 1128 C.E., by the 17th great grandfather of one of the current directors,^[11] with holdings primarily consisting of thousands of acres of grazing land.^{[12][13][14][15][16]} This is substantially older than Harvard College, which has been described as the new world's oldest corporation, established in 1636.^[17][18] The oldest companies in the world for tea, sake, metalworking, and pharmacy were all established after 1128, the year of Halydean's establishment.^[19] Lorillard Tobacco Company is listed as the oldest public American company, having been established in 1760.^[20] The Tuttle Farm was established in the 1630s by King Charles II, and is the oldest continually operating business in the US.^[21] Based on that information, it can be argued that Halydean is a very old company, although it is unknown whether or not it may hold the claim as the oldest publicly traded company in the world. The company has not made any such claim. The company is on Wikipedia's List of oldest companies. In 1545 Halydean's ownership was appropriated by the Crown, rechartered, and eventually assigned to new owners in 1602,^[22][23] and in 2014 Halydean Corporation was organized as a Delaware corporation, as a wholly owned subsidiary of The Barony and Lordship of Halydean (Scotland) by the current Lord of Halydean.^[24] Almost immediately following that, numerous other shareholders were appointed, such that the company has to use a stock transfer agent.^[25] Halydean Corporation is classified in the UK as a "subsidiary undertaking" of the Barony and Lordship of Halydean, as defined in section 1162 of the Companies Act 2006. ^[26] This is unclear if Halydean Corporation should lay claim to the title oldest company on Wall Street, but it legally establishes the company as having a dignified pedigree in land holdings that can be traced to the year 1128 C.E.

Today

The company's current CEO is Ron Braatz.^[27] Halydean Corporation is an agricultural land holding company that specializes in dairy and beef production. The company invests in the dairy industry.^[28] The following SIC codes may apply to Halydean Corporation: 02410000 Dairy farms, 02120000 Beef cattle (except feedlots), 42120102 Farm to market haulage (local), and 51430000 Wholesale Trade - Nondurable Goods Dairy products, except dried or canned. Subsidiaries include trucking / milk hauling, farm land, dairy operations, heifer replacement breeding, academic research, and beef cow breeding using artificial insemination with sexed semen for F1 hybrid crosses.

Environmental Activism

The company participates in wastewater treatment research. These systems speed up the digestion of manure products into useful co-products such as fertilizer for cleaner air and water.^[29] The company promotes environmentalism which it deemed economically profitable.^[30]

References

External links

Company website: http://www.halydean.com

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