Milk Price- Please read Mod note in post #1

tanko

The milling industry in ireland seems to be a perfect example of a price fixing cartel. Has any farming organisation made a complaint to the competition authority about this?

Farmer Ed

tanko wrote: »

The milling industry in ireland seems to be a perfect example of a price fixing cartel. Has any farming organisation made a complaint to the competition authority about this?

Yes several examples of Co Ops buying out competitors with the sole intention of just closing down the business and doing away with the competition.

Hardy in the Co Op spirit I would have thought.

Dawggone

tanko wrote: »

The milling industry in ireland seems to be a perfect example of a price fixing cartel. Has any farming organisation made a complaint to the competition authority about this?

I can source fert here for substantially less than what it's making in Ireland. I was talking to a merchant friend of mine and hinted that it could be organised...couldn't be bothered he said...I still make my margin, the farmers would be the winners there.

WheatenBriar

Text from Glanbia
New fixed price scheme

27c inc vat this time,locked in for two years and nine months...

Dawggone

WheatenBriar wrote: »

Text from Glanbia
New fixed price scheme

27c inc vat this time,locked in for two years and nine months...

Is there any limitation on the amount you can fix?
Is it possible to sit down with them and fix, say, feed and fert for the same time period?

At that money it might be a hard sell.

alps

WheatenBriar wrote: »

Text from Glanbia
New fixed price scheme

27c inc vat this time,locked in for two years and nine months...

This is a game changer. ...The fixed schemes of the past looked sensible from the farmers point of view...

This one is going to be very hard to assess. Poor price for a long period of time.....

It reminds me of battles of the past when lines of infantry were sent to their deaths just to determine the range of the enemy fire.....

WheatenBriar

Sorry its 29c not 27c
I blame the bit of cow sheet on my phone screen
Better but not by much

https://www.glanbiaconnect.com/news/fixed-milk-price

RightTurnClyde

WheatenBriar wrote: »

Sorry its 29c not 27c
I blame the bit of cow sheet on my phone screen
Better but not by much

https://www.glanbiaconnect.com/news/fixed-milk-price

The kicker there is line 2
". The milk volume allocated to each Scheme participant will automatically double after 15 months"

That's where you'll pay for your fixed price scheme

Dawggone

RightTurnClyde wrote: »

The kicker there is line 2
". The milk volume allocated to each Scheme participant will automatically double after 15 months"

That's where you'll pay for your fixed price scheme

Hmmm
So you fix Xamount from April1 and after 15mts this then becomes 2x, at the same price?
That's a new one.

Aintree Grand National...bet on a nag, after the first circuit your bet doubles for the same payout...nice.

Farmer Ed

Dawggone wrote: »

I can source fert here for substantially less than what it's making in Ireland. I was talking to a merchant friend of mine and hinted that it could be organised...couldn't be bothered he said...I still make my margin, the farmers would be the winners there.

Could it be that the people in charge of your co ops have no family ties with the French fertiliser industry? I'm guessing this must help bring about a bit of real competition in the French industry. That and judging by what you have been telling us about France. You farmers wouldn't put up with the same crap as farmers here would put up with.

kowtow

Dawggone wrote:

Aintree Grand National...bet on a nag, after the first circuit your bet doubles for the same payout...nice.

Glanbia not confident that milk price will exceed 31.5c in the next 29 months?

Dawggone

kowtow wrote: »

Glanbia not confident that milk price will exceed 31.5c in the next 29 months?

Looks like it..



Dammit.

mf240

You'd want to be special kind of idiot to sign up for that scheme.

mahoney_j

mf240 wrote: »

You'd want to be special kind of idiot to sign up for that scheme.

Lol

frazzledhome

Some scutter bring talked here again.
Have to love the arm chair analysts.

Anyone offering me 29c/litre MINIMUM for 2016 gets my vote every day. All coop top ups on top of this also.

It's for a portion of your milk, not all of it. There are people on fixed price in GII getting 30c base on their milk ATM, complete eejits, aren't they.

The buzz from the experts here is that milk is phucked and due to the financial dire straits world wide will never recover.

Lads whatever you do take counsel somewhere other than here.

mf240

All Co op top ups included in the 29 frazzled.

After month 15 Co op top ups on top of 29 plus your allocation will be doubled.

Nobody in their right mind would make a decision based on my waffle I'd hope.

kowtow

frazzledhome wrote:

The buzz from the experts here is that milk is phucked and due to the financial dire straits world wide will never recover.

Surely if that were true it would be the only justification for taking 29c on a fixed price contract, 66% of which will be in 2017 / 18 ?

frazzledhome

mf240 wrote: »

All Co op top ups included in the 29 frazzled.

After month 15 Co op top ups on top of 29 plus your allocation will be doubled.

Nobody in their right mind would make a decision based on my waffle I'd hope.

You are correct on top ups, however it's a no brainer

frazzledhome

kowtow wrote: »

Surely if that were true it would be the only justification for taking 29c on a fixed price contract, 66% of which will be in 2017 / 18 ?

It's for a portion not all of your milk. Would reducing risk not be prudent?

The special eejits that are currently signed up must feel like right dicks

Highest price in the country

mf240

frazzledhome wrote: »

You are correct on top ups, however it's a no brainer

I disagree.

In fifteen months milk price will have recovered and you will get 29 cent on twice the volume you got it on in the previous 15.

It's a long time until the end of 2018.

I have commitment issues though and I was wrong before so get it signed asap.:pac:

atlantic mist

well fraz how much did u get into consumer foods fixed price scheme, as you are purchases your concentrates solely from them how did your % work out on last year supply, did you fix previously in the prior scheme, had agribusines rep in they seem to have dropped price they are actually competitive this year

who is the new fixed price scheme for?

Any word on the glanbia EU loan fund materialising?

priority given to manufacturing suppliers, think that was fair considering 50% of previous scheme was kept for lads in the previous consumer foods fixed price scheme and liquid suppliers, if schemes are operated they should be open to all not selective suppliers otherwise we end up with two tiered supplier structure

mahoney_j

Agree with frazz here ,an option to fix a portion of your milk even at 29 is a no brainier .who knows where milk price is going in short to mid term ,it don't look good though .i would love the option to fix a portion of my milk but my processor dosnt offer one

frazzledhome

mahoney_j wrote: »

Agree with frazz here ,an option to fix a portion of your milk even at 29 is a no brainier .who knows where milk price is going in short to mid term ,it don't look good though .i would love the option to fix a portion of my milk but my processor dosnt offer one

If you haven't signed a contract with your crowd, why can't you fix? ;)

mahoney_j

frazzledhome wrote: »

If you haven't signed a contract with your crowd, why can't you fix? ;)

Because at the moment outside of no fixed scheme I'm quite happy how my crowd are performing ,I nearly jumped last year but decided against as the outlay on shares to qualify for top ups etc wasn't there as I had an outlay on cubicles and calving facilities to complete

kevthegaff

mahoney_j wrote: »

Agree with frazz here ,an option to fix a portion of your milk even at 29 is a no brainier .who knows where milk price is going in short to mid term ,it don't look good though .i would love the option to fix a portion of my milk but my processor dosnt offer one

I'm delighted arrabawn don't rob Peter to pay Paul...

mahoney_j

kevthegaff wrote: »

I'm delighted arrabawn don't rob Peter to pay Paul...

That be the top ups Kev ,would u like an opportunity to fix ax portion of your milk at say 30 cent for circa 15 months .......

kevthegaff

Or rob kev to pay jerry or vice versa depending on whatever the fu*k is going to happen. on the world market.

kowtow

frazzledhome wrote:

It's for a portion not all of your milk. Would reducing risk not be prudent?

Yes, I'd be taking it.

But I'd be among those who think milk either falling further in the short term or staying substantially below 31.5c for 3 years is not unlikely, either or both of which are needed to make the fix profitable.

I'm not sure if that makes me an armchair analyst or just a bearish b***d but in any event I'm sure I'm in a minority!

kevthegaff

mahoney_j wrote: »

That be the top ups Kev ,would u like an opportunity to fix ax portion of your milk at say 30 cent for circa 15 months .......

Don't agree with it myself jerry as it will be balanced elsewhere... I had a few winners at leopards town even tho I don't know donkeys! All suppliers or none imo. At 30 cent tempting

jaymla627

kowtow wrote: »

Glanbia not confident that milk price will exceed 31.5c in the next 29 months?

At current exchange rates the fixed price of 29 cent would equate to 6.50 kgs/ms in kiwi dollars, puts a bit of perspective on it given 5 dollars is been touted as the opening figure for the 2016/2017 season out there and a lot of "experts" reckon that's to high.....
Will try and fix as much as possible into this scheme, at least it gives some bit of security heading into a difficult year...