Milk Price III

👍👍my first year in a good few with nothing fixed but I know a few with a good bit fixed and the losses there suffering every month are unsustainable

As someone who has 59% of their milk pool fixed I can honestly say that what has happened regarding milk price has been totally unforeseen and I took a chance and it hasn’t paid off- however in previous fixed price schemes they were all index linked and on more than one occasion we had to refund monies to Glanbia at the end of the scheme- infairness to Glanbia they have made an effort to support people in fixed price schemes but these do have certain conditions that could cost us further pain down the road- luckily for me that we had a serious amount of surplus stock to sell this year to keep us afloat- I feel sorry for the men who hadn’t and these men are under serious financial and mental pressure

Forgot to mention I’m liquid suppler so for ever cents per litre milk price rise we only get 0.5cpl

Liquid milk banding if milk price drops below 28cpl for every 1 cpl decrease we only get 0.5 cpl but when milk price goes over 35 we only get 1/2 cpl for every 1cpl increase

I’m losing over 10cpl over all my milk- I just spotted a flaw in the milk price graph- they aren’t showing my milk price deduction for my creamery milk included in the schemes price- I’ll have to get onto Glanbia in the morning and arrange a meeting to discuss their payment logs with media present- btw they love me

They did...

Putin may have as well dropped the rockets into some of these guys yards.

This is not a milk price issue...its an inputs issue....input explosions due to war....and you tell these victims...###k off...

I'm a relatively new entrant, €240k loan secured with 100 acres, own my house outright, no other borrowings, Bank of Ireland wouldn't lend to me, AIB would only offer a 9 year term, only Ulster Bank would talk to me. None of them ever mentioned fixed price

Loan of half that amount. Wanted a 5 year term. Lending manager "unofficially" told me that I would be turned down on that short of a term if I couldn't get some milk into a fixed contract. You won't find it written down in any policy I imagine but that is how it happened. Ulster Bank.

If u look back through posts, a few of us were completely against fixed outputs, banks haven't helped either for them insisting on them. Fixed price is another way of having farmers competing against each other. Some if these guys that expanded rapidly were really hoping for a few good price years and are now locked into poor prices. How much of total milk pool is fixed price?

Banks it can depend on who you deal with within the bank as much as anything else, a bit of a joke really. On my 6th business manager or whatever they call themselves and that could be changing too.

Only one bank would deal with us for new loan with existing debt back in 15 as well

I still think in normal times concept of fixed schemes are fine but need to move to a model where they are index linked to inputs .fixed schemes were always well subscribed to .if I were starting out I’d like the security of having a portion of milk fixed at x price,lending institutions would too,luckily I’m more/less at consolidation phase now and in just under a year my heavy repayements are done so I most likely would fix nothing in future

Glanbia already had/have the ideal template https://www.google.com/amp/s/www.farminglife.com/news/environment/glanbia-launches-two-new-fixed-milk-price-schemes-1167117%3famp trouble was they lost their shirt on it, and haven't offered anything similar to it since