Milk Price III

Keepgrowing

freedominacup wrote: »

Glanbia to drop to 30c on Friday. You heard it here first.

It’s been 30c since November

freedominacup

Keepgrowing wrote: »

It’s been 30c since November

True. Not sure whether top up being taken away or price being cut.

stretch film

freedominacup wrote: »

True. Not sure whether top up being taken away or price being cut.

the top up being taken away could be viewed as a step in the right direction :rolleyes::rolleyes:

orm0nd

kevthegaff wrote: »

What will be Arrabawns?

Judging by the amount of activity going on around the back Kev. put on the saddle and prepare for a long bumpy ride.

whelan2

So what about this bonus that was mentioned at the icmsa meeting?

Mortelaro

Keepgrowing wrote: »

It’s been 30c since November

They better make good on the word 'interim' in their texts as markets are up up up
When I (and you!) signed up to supply glanbia,it wasn't on the basis that they'd delay paying some of the milk cheque for 6 or 11 months

You do that with them in their trading division and they charge you 23% interest

mf240

Brexit is probably some of the reasons for lagging so far behind. Will the latest extension take some pressure off.

Presumably if brexit works out favourably, milk price will be topped up. :pac::):rolleyes:

mahoney_j

orm0nd wrote: »

Judging by the amount of activity going on around the back Kev. put on the saddle and prepare for a long bumpy ride.

Back in familiar territory in milk league as well think we’ve a few bumpy years ahead ......some money been spent ,be next year seemingly before we start seeing any benefit

blackdog1

mf240 wrote:

Brexit is probably some of the reasons for lagging so far behind. Will the latest extension take some pressure off.

Don't think so means we'll be paying for storage space for another 6 months. I'd say there is a mountain of dairy products in storage in the UK and that's seriously effecting price but they're not saying so.

Mortelaro

blackdog1 wrote: »

Don't think so means we'll be paying for storage space for another 6 months. I'd say there is a mountain of dairy products in storage in the UK and that's seriously effecting price but they're not saying so.

Maybe,but if there is a mountain of produce over there it's over and above what's normal so its extra sales,bought and paid for.
Those sales going on gdt would be moving anyway convertible at better farm gate prices than we are getting
So Brexit is no excuse
It's just the same old,same old
What's worse theres large dairy farmers on the board of these so called co operatives approving unfair pricing and they know it
Doesn't matter of course to them,dont they make plenty in expenses and salary for their seats...

awaywithyou

mahoney_j wrote: »

Back in familiar territory in milk league as well think we’ve a few bumpy years ahead ......some money been spent ,be next year seemingly before we start seeing any benefit

talking to a man farming near u yest.... he reckons its stone mad the money ur co-op is blowing..... reckons it will b years before the men milking the cows will see benefit from it if ever....

mahoney_j

awaywithyou wrote: »

talking to a man farming near u yest.... he reckons its stone mad the money ur co-op is blowing..... reckons it will b years before the men milking the cows will see benefit from it if ever....

We needed the extra processing capacity ,north of 30 million been dropped it’s a serious ball of money when u look at accounts ,were told it will be next year before we start seeing benefits on paper the extra capacity for casein products looks wise but it’s comming at a huge cost ....

Mortelaro

mahoney_j wrote: »

We needed the extra processing capacity ,north of 30 million been dropped it’s a serious ball of money when u look at accounts ,were told it will be next year before we start seeing benefits on paper the extra capacity for casein products looks wise but it’s comming at a huge cost ....

Here's a novel idea,why don't CoOp's just borrow the money to build these facilities and pay for them out of their existing margin like the rest of us

jaymla627

Mortelaro wrote: »

Here's a novel idea,why don't CoOp's just borrow the money to build these facilities and pay for them out of their existing margin like the rest of us

To be fair it’s Irish dairy farmers spring milk calving profile combined with increasing numbers that’s the problem, co-ops would much rather a level supply of milk throughout the year then the flood of milk that hits them in April/May/June that requires all the massive outlay on stainless-steel to process it, a proper seasonality Bonus on Autumn/winter milk would help to level off supply but the Irish co-ops would rather spend billions on extra processing capacity instead

Brown Podzol

In Dairygold’s case the banks wouldn’t lend them the money so suppliers were forced into a revolving fund as well as taking a poor price. The galling thing is that the cost of all the extra processing capacity was pissed away through the REOX shambles.
But the alternative to the co-op’s is worse, look at the beef industry.

Mortelaro

Brown Podzol wrote: »

In Dairygold’s case the banks wouldn’t lend them the money so suppliers were forced into a revolving fund as well as taking a poor price.

I doubt repayment capacity is a problem for Glanbia,a triple A rated company
They are the processor and in my opinion should pay for the processing out of their own margin
If they are over stretched at peak, they should do a deal with strathroy who aren't
Farmer is always the soft touch with these CoOp's

mahoney_j

Brown Podzol wrote: »

In Dairygold’s case the banks wouldn’t lend them the money so suppliers were forced into a revolving fund as well as taking a poor price. The galling thing is that the cost of all the extra processing capacity was pissed away through the REOX shambles.
But the alternative to the co-op’s is worse, look at the beef industry.

Same story in Arrabawn re expansion and revolving fund

mahoney_j

jaymla627 wrote: »

To be fair it’s Irish dairy farmers spring milk calving profile combined with increasing numbers that’s the problem, co-ops would much rather a level supply of milk throughout the year then the flood of milk that hits them in April/May/June that requires all the massive outlay on stainless-steel to process it, a proper seasonality Bonus on Autumn/winter milk would help to level off supply but the Irish co-ops would rather spend billions on extra processing capacity instead

Said this to you yesterday and I agree on above they don’t have to pay for winter/liquid milk cause there’s rnough milking thru and calving cows supplying uncontracted milk as it is farmers need to wise up too

Timmaay

mahoney_j wrote: »

Said this to you yesterday and I agree on above they don’t have to pay for winter/liquid milk cause there’s rnough milking thru and calving cows supplying uncontracted milk as it is farmers need to wise up too

My neighbour got into dairying this year, he wouldn't be a small suppler either, could well be up around 180cows within a Yr or so, and a Glanbia chap told him they had no real interest at all in giving him a liquid/winter contract, that it was only spring suppliers they wanted!

whelan2

Timmaay wrote: »

My neighbour got into dairying this year, he wouldn't be a small suppler either, could well be up around 180cows within a Yr or so, and a Glanbia chap told him they had no real interest at all in giving him a liquid/winter contract, that it was only spring suppliers they wanted!

Who does he supply?

whelan2

Glanbia 30 cpl base and half a cent of our own money from the Co op no interim payment this month

Mortelaro

Worth remembering, that over 60% of glanbia's suppliers are not in any fixed scheme (Glanbia figures in a recent Newsletter,although they spun it at the time as nearly 40% were in them)
So at a time when the market is rising not falling,farmer board members are deciding to put money earned from that market into corporate coffers and not the CoOP member suppliers who do the lions share of the work and supposedly own a majority share of glanbia Ireland
It's a disgrace

A cent on every 100000 litres is 1000 euros,so it's a valid complaint

whelan2

No bonus either.....

hurling_lad

Brown Podzol wrote: »

In Dairygold’s case the banks wouldn’t lend them the money so suppliers were forced into a revolving fund as well as taking a poor price. The galling thing is that the cost of all the extra processing capacity was pissed away through the REOX shambles.
But the alternative to the co-op’s is worse, look at the beef industry.

There would also have been a few bob more to spend on stainless steel if Dairygold hadn't been so slow in flogging their Aryzta shares before the price fell through the floor in recent years.

Buford T. Justice XIX

Jim Woulfe from Dairygold was looking for mergers and synergies in an interview yesterday.
https://www.independent.ie/business/farming/agri-business/dairygold-open-for-merger-talks-as-turnover-nears-1bn-38004460.html

mahoney_j

Buford T. Justice V wrote: »

Jim Woulfe from Dairygold was looking for mergers and synergies in an interview yesterday.
https://www.independent.ie/business/farming/agri-business/dairygold-open-for-merger-talks-as-turnover-nears-1bn-38004460.html

Don’t think he’ll be heading to close neighbour Arrabawn anyway !!!!

Buford T. Justice XIX

mahoney_j wrote: »

Don’t think he’ll be heading to close neighbour Arrabawn anyway !!!!

Seems a rather obvious way to reduce costs would be to eliminate excess bureaucracy by amalgamation.

How to transfer that back to the suppliers is the puzzle though.

Mooooo

Buford T. Justice V wrote: »

Seems a rather obvious way to reduce costs would be to eliminate excess bureaucracy by amalgamation.

How to transfer that back to the suppliers is the puzzle though.

A fair share of the savings could end up lost too. I dunno. Glanbia and Kerry are plc so have other shareholders. The reason being for a coop is to return the best price to the farmers and all bar the west cork coops seem to be failing at it.

whelan2

Lakelands on 31.56cpl

Buford T. Justice XIX

Mooooo wrote: »

A fair share of the savings could end up lost too. I dunno. Glanbia and Kerry are plc so have other shareholders. The reason being for a coop is to return the best price to the farmers and all bar the west cork coops seem to be failing at it.

There's supposed to be a review of Co-op legislation later this year and bringing together all the regulations under one act so there probably is some lobbying going on about what the new rules governing Co-ops will entail. Hopefully some power will return to the owners and their representatives.







Nah, me neither:(