Quota exchange

stanflt

anyone apply and how much did you bid and for how many litres

st1979

Glanbia sold at 18c/l. Anyone have their cheques cashed yet. I did not buy any

stanflt

st1979 wrote: »

Glanbia sold at 18c/l. Anyone have their cheques cashed yet. I did not buy any

it doesnt close until friday-and the supply-demand will be done next week to fiqure out the market clearing price

delaval

st1979 wrote: »

Glanbia sold at 18c/l. Anyone have their cheques cashed yet. I did not buy any

Leasing quota for 9 ceent / year for only 2 years a tad dear I thnk 12 cent would be bit more like it:eek:

kevthegaff

i just bid 5c/litre priority under 35

st1979

stanflt wrote: »

it doesnt close until friday-and the supply-demand will be done next week to fiqure out the market clearing price

Is that not for leasing for this year. Its just i know someone who sold their quota in the exchange in November and got 18c for it but will be paid this month. This is for quota for next year so only 2 years left to use it

stanflt

st1979 wrote: »

Is that not for leasing for this year. Its just i know someone who sold their quota in the exchange in November and got 18c for it but will be paid this month. This is for quota for next year so only 2 years left to use it

leasing is 17th

mahoney_j

Going to bid 20 cent for 10000 ltrs but will also bid in priority cat at 5 cent as im under 35.Picked up around 15000 ltrs at 23 cent in last exchange.Sounds mad i know but my cooop (arrabawn)still havnt outlined there post 2015 plans and i have cows heifers and land to expand so i might as well spend it on quota than hand it over to mr collector general!!

TEAT SQUEEZER

mahoney_j wrote: »

Going to bid 20 cent for 10000 ltrs but will also bid in priority cat at 5 cent as im under 35.Picked up around 15000 ltrs at 23 cent in last exchange.Sounds mad i know but my cooop (arrabawn)still havnt outlined there post 2015 plans and i have cows heifers and land to expand so i might as well spend it on quota than hand it over to mr collector general!!

kevthegaff wrote: »

i just bid 5c/litre priority under 35

lads yer killin me with yer 5 cent a litre........ if only :(:(:(

mahoney_j

TEAT SQUEEZER wrote: »

lads yer killin me with yer 5 cent a litre........ if only :(:(:(

There is very little to be got there though out of the 15000 odd litre i got in last exchange only 806 ltrs of that was at 5 cent

kevthegaff

my brother and i were just saying would it be cunning to sell some quota before it goes, could be worth a chance:D

Timmaay

And bank on Ireland being under quota for the next two years???? If your getting out of dairy yep now is the time, otherwise are ya mad ha! Then there's the 2cent Glanbia processing charge for milk over your quota from 2015 on. (Having said that if you only got your quota after March 2012, you'll have to cough up the 2cent on the whole lot).

I'm meanwhile on the other end of the scale, underquota. Looked at renting some of it back, but Glanbia wont take any less than 20% of the full quota, which would throw me over then, and will only give a measly 1cent/litre anyways.

whelan1

agree the 1cpl is awful....

royalmeath

According to my Glanbia advisor we will have to pay 2 cent a litre for any milk we supply over our established right after the abolition of quota
for five years after which we will be refunded kinda like the revolving share plan. Personally I have a surplus of quota that I wont fill in
13 or 14 so I am going to sell it in this exchange. Maybe Im mad but the way i see it if your not going to use it and you are going to lose it
then you might as well get something for it.

whelan1

royalmeath wrote: »

According to my Glanbia advisor we will have to pay 2 cent a litre for any milk we supply over our established right after the abolition of quota
for five years after which we will be refunded kinda like the revolving share plan. Personally I have a surplus of quota that I wont fill in
13 or 14 so I am going to sell it in this exchange. Maybe Im mad but the way i see it if your not going to use it and you are going to lose it
then you might as well get something for it.

sorry, but how do you mean "lose it", my understanding was that your quota , even if you dont fill it will be there

royalmeath

Your production right will be there based on your quota, but it will no longer be an asset of any value.
This is because you will be able to pay 2 cent a litre to produce extra milk. So if joe bloggs has 454000
litres today worth 18 cent a litre the net asset value of 81000 give or take a bit. In two years time this asset
will be worthless, you will simply have a production right established with your processor. The question is will
this be a saleable asset or if you decide to exit milk production will the dairy just say thank you and goodnight.
I am coming at this from my point of view where i have a bit of quota i just wont fill and its not much use leasing
this quota out this spring and next spring when all I will get is 4 cent a litre total. Add in the fact I am advised that i
will be able to produce over and above my established right come 2015 provided I pay 2 cent a litre which I am told will
be refunded after five years and for me it is a logical move to make. Perhaps I could go out and buy cows, but to honest
I hate buying other peoples stock.

rancher

royalmeath wrote: »

Your production right will be there based on your quota, but it will no longer be an asset of any value.
This is because you will be able to pay 2 cent a litre to produce extra milk. So if joe bloggs has 454000
litres today worth 18 cent a litre the net asset value of 81000 give or take a bit. In two years time this asset
will be worthless, you will simply have a production right established with your processor. The question is will
this be a saleable asset or if you decide to exit milk production will the dairy just say thank you and goodnight.
I am coming at this from my point of view where i have a bit of quota i just wont fill and its not much use leasing
this quota out this spring and next spring when all I will get is 4 cent a litre total. Add in the fact I am advised that i
will be able to produce over and above my established right come 2015 provided I pay 2 cent a litre which I am told will
be refunded after five years and for me it is a logical move to make. Perhaps I could go out and buy cows, but to honest
I hate buying other peoples stock.

Sounds like a great deal for young farmers converting to dairying from beef or sheep if it only costs them 2c/ltr of a penalty for producing extra, a lot of young farmers around looking to convert

royalmeath

rancher wrote: »

Sounds like a great deal for young farmers converting to dairying from beef or sheep if it only costs them 2c/ltr of a penalty for producing extra, a lot of young farmers around looking to convert

Who say anything about young farmers looking to convert to dairying. I imagine the dairies may well take a similar policy to large retailers by
demanding hello money from potential new suppliers.

rancher

royalmeath wrote: »

Who say anything about young farmers looking to convert to dairying. I imagine the dairies may well take a similar policy to large retailers by
demanding hello money from potential new suppliers.

Lots have converted...its just their quota isn't big enough,

delaval

royalmeath wrote: »

Who say anything about young farmers looking to convert to dairying. I imagine the dairies may well take a similar policy to large retailers by
demanding hello money from potential new suppliers.

You will pay 2c/year for any extra production over your quota and it is repaid a the end of 5 years therefore the cost of quota is the cost of finance for the 5 years.

Hello money as you call it, why should one new to milk not pay to be a share holder in the company that the current and pst share holders have put there for them!

Great to hear people getting nothing for milk they can't produce plenty of lads will fill it for them for nothing.

Short of some excepional circumstances no one should have unfilled quota, having said that we have been very glad of it to date:)

whelan1

delaval wrote: »

You will pay 2c/year for any extra production over your quota and it is repaid a the end of 5 years therefore the cost of quota is the cost of finance for the 5 years.

Hello money as you call it, why should one new to milk not pay to be a share holder in the company that the current and pst share holders have put there for them!

Great to hear people getting nothing for milk they can't produce plenty of lads will fill it for them for nothing.

Short of some excepional circumstances no one should have unfilled quota, having said that we have been very glad of it to date:)

i have the exceptional circumstances.... no compensations and assholes like you to put me down... thanks

Farmer Pudsey

Very hard to see stainless steel only costing 2 cent/litre for expansion. There is a lot to be played out before the endgame is in sight. Longterm present quota may have production rights within your own Co-op. It may also be that this will allow you to produce more than your present quota.

Processors will not want to load onto new entrants as these will have setup costs anyway. However it is unlikly to be a free for all. look at the way some processors are putting pressure on farmers to commit to them longterm and the way they are trying to maximise there production system by legenthing the production year.

It may well be that new or extra milk produced will have other terms attached such as early spring/late autuam conditions. Quota that may seem expensive now may be cheap in five years time when conditions change

delaval

whelan1 wrote: »

i have the exceptional circumstances.... no compensations and assholes like you to put me down... thanks

As I said excepional circumstances.......why the offence?

6480

people are geting carried away with all the talk of quotas going, nobody knows wats going to happen only the price of dairy products on the world markets come 2015 ,dont forget there are 26 other EU countries able to milk cows , we could have a dairy boom like our building boom and if you were not buying or building property a few years ago you were nothing . a man said to me lately before u expand try and improve what you are at before going up any numbers