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Milk Price- Please read Mod note in post #1

delaval

24/6/16

Recently we saw three posters close their accounts over disagreements in the dairy threads. While there is a lot of frustration and discontent with current milk prices and the processing industry, the recent tendency for dairy threads to become tit-for-tat arguments isn’t tolerable for those not involved.

All farming sectors go through difficult periods and during such times there may need to be changes in how threads are moderated.

Dairy threads are going to be more closely monitored and subject to stricter moderation for a while.

To that end we won’t tolerate baiting of posters, constantly reviving old arguments, posters with agendas or crusading for a cause.

Whether it’s discussion of the business or politics of the dairy or other sectors, we expect civility and tolerance toward each other and other opinions as diversity of opinion is needed as a source of different ways of looking at a situation.

"The aim of argument, or of discussion, should not be victory, but progress." - Joseph Joubert

Also please be aware that what you may post as light-hearted banter can be read totally differently by someone adversely affected by the subject matter and evoke a reaction you hadn’t intended.

The ‘Off-Season’ forum, and its anonymous posting, is available for anyone to chat about their situation.

The Mod Team.

I was wondering would it be a help if we posted our milk prices. I would hope that if someone is low that help could be given, on the other hand if high perhaps your tips could help us all.

I would suggest posting your processors base inc Vat for comparison
Post your Nett price for others to help or be helped
I think that solids should be included.
I suggest any seasonal/liquid contract price be excluded or seperated.

I feel that we as farmers do a lot of bitching about processor prices and rightly so IMO. I also feel that we should not worry about it as we can do nothing about base price but we certainly do something about it at farm level.

What do you all think?

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Farmer Ed

whelan2 wrote: »

not here any way, an elephant never forgets

Seriously can you imagine what effect a large number of farmers handing in notice to leave on January 2017 would do? They may be still trapped for 3 years but the prospect of losing a big pool of milk in 3 years would surely put manners on the nobility. Would be no harm to remind them who is keeping the shirts on their backs.

stretch film

whelan2 wrote: »

until I give my notice of 3 years...................

You could be a contracted supplier of liquid milk to a UK multiple if the brexit polls are accurate

whelan2

wats the craic wrote: »

ya have less than 6 months so ......

until I give my notice of 3 years...................

whelan2

RightTurnClyde wrote: »

Whelan, you can be sure, when the time comes to renew the MSAs, they'll put a few cent on the litre in months leading up to it to top the league, run a few busses down to Bellview, to show us the glorious success it is, a couple of meetings with free tea and sandwiches . Then watch the farmers queue up to sign again.

not here any way, an elephant never forgets

RightTurnClyde

whelan2 wrote: »

I will be gone there's only so much crap one can take

Whelan, you can be sure, when the time comes to renew the MSAs, they'll put a few cent on the litre in months leading up to it to top the league, run a few busses down to Bellview, to show us the glorious success it is, a couple of meetings with free tea and sandwiches . Then watch the farmers queue up to sign again.

wats the craic

whelan2 wrote: »

contracts run from 1st of January 2015 for 5 years, even though they were signed in June 2014(for 5 years) that in itself is annoying as the contract is 5 and a half years long not 5 years iykwim. Notice to leave can be given from 1st january 2017 ..................

ya have less than 6 months so ......

whelan2

kevthegaff wrote: »

Will there be a mass exodus, or will prices rise/spin out talk approaching 17?

I will be gone there's only so much crap one can take

kevthegaff

whelan2 wrote:

contracts run from 1st of January 2015 for 5 years, even though they were signed in June 2014(for 5 years) that in itself is annoying as the contract is 5 and a half years long not 5 years iykwim. Notice to leave can be given from 1st january 2017 ..................

Will there be a mass exodus, or will prices rise/spin out talk approaching 17?

keep going

I think things are bottoming out but we ll wait and see

whelan2

Farmer Ed wrote: »

Not sure the exact details of the Glanbia msa but the Dairygold msa requires that you give 2 years notice if you want to leave. So in effect if you leave it until the five years are up before you give notice to leave, then infact it is a seven year contract. IMO anyone 3 years in to the contract should now be handing in their notice if they are planning on leaving when their five year sentence is up. Otherwise you could risk having to put up with an extra two years. Also if enough people were to hand in their notice. Maybe it could be exactly what is needed to make these people realise who pays their salaries.

contracts run from 1st of January 2015 for 5 years, even though they were signed in June 2014(for 5 years) that in itself is annoying as the contract is 5 and a half years long not 5 years iykwim. Notice to leave can be given from 1st january 2017 ..................

kowtow

pedigree 6 wrote:

If you're with davy's stockbrokers you might have access to that? All I can see from looking around is - Glanbia co-op is giving 1.5% of it's 36.5% share in plc as a guarantee against the bond. Not sure if it's the same bond but other websites say glanbia applied for a $100m yes $ and the coupon is 1.375% 2 times per year. The exchange price of the bond was set at E23.26.(Not sure if that is what the bond is selling between traders at the start?)

I'll look at the market feeds tomorrow if I get a moment, think it was a private irish offer so may not be on the major wires.

What's the current plc eur share price? The conversion will allow one share to be exchanged for 23.26 of the outstanding bond, but whether at the buyer issuers option and for how long is the question.

pedigree 6

Milked out wrote: »

http://theglobaldairy.com/noticias/danone-raises-guidance-on-china-growth-47390/

Rte putting it down to a new broom and cost cutting and new products in china.
http://www.rte.ie/news/business/2016/0614/795410-danone-update/

Edit: I wonder did they get the money they were claiming from Fonterra.

Milked out

http://theglobaldairy.com/noticias/danone-raises-guidance-on-china-growth-47390/

pedigree 6

kowtow wrote: »

Did Glanbia suppliers receive any more details of the bond / loan note arrangements than were published in the press?

On what terms are the bonds exchangeable / convertible by the lender against the plc shares?

If you're with davy's stockbrokers you might have access to that?
All I can see from looking around is -
Glanbia co-op is giving 1.5% of it's 36.5% share in plc as a guarantee against the bond.
Not sure if it's the same bond but other websites say glanbia applied for a $100m yes $ and the coupon is 1.375% 2 times per year.
The exchange price of the bond was set at E23.26.(Not sure if that is what the bond is selling between traders at the start?)

fepper

freedominacup wrote: »

At the drop of a fcuking hat kt. No point in messing around. Co-op shareholding must be diluted as fast as possible.

And Kerry coop need to do the same

freedominacup

kowtow wrote: »

On what terms are the bonds exchangeable / convertible by the lender against the plc shares?

At the drop of a fcuking hat kt. No point in messing around. Co-op shareholding must be diluted as fast as possible.

kevthegaff

kowtow wrote:

Did Glanbia suppliers receive any more details of the bond / loan note arrangements than were published in the press?

kowtow wrote:

On what terms are the bonds exchangeable / convertible by the lender against the plc shares?

That will be kept confidential I reckon in case the stupid farmers figure it out!

OverRide

kowtow wrote: »

Did Glanbia suppliers receive any more details of the bond / loan note arrangements than were published in the press?

On what terms are the bonds exchangeable / convertible by the lender against the plc shares?

No details..
You can be sure there's a cost though
Nothing is free

kowtow

Did Glanbia suppliers receive any more details of the bond / loan note arrangements than were published in the press?

On what terms are the bonds exchangeable / convertible by the lender against the plc shares?

Farmer Ed

whelan2 wrote: »

how many days left on the f*cking msa's? You can bet if they were no contracts they wouldnt be carrying on like this

Not sure the exact details of the Glanbia msa but the Dairygold msa requires that you give 2 years notice if you want to leave. So in effect if you leave it until the five years are up before you give notice to leave, then infact it is a seven year contract. IMO anyone 3 years in to the contract should now be handing in their notice if they are planning on leaving when their five year sentence is up. Otherwise you could risk having to put up with an extra two years. Also if enough people were to hand in their notice. Maybe it could be exactly what is needed to make these people realise who pays their salaries.

whelan2

wats the craic wrote: »

did you have to sign a new msa for them

no. I am being very careful when every thing runs until. Dont want to be there a day longer than I have to.

wats the craic

whelan2 wrote: »

yes I am in a few of them but feck all of an allocation in any of them

did you have to sign a new msa for them

whelan2

wats the craic wrote: »

not set for this month yet . our group committe prob negotiating the price over the next few days . are you in any of the fixed schemes

yes I am in a few of them but feck all of an allocation in any of them

wats the craic

whelan2 wrote: »

What are strathroy paying?

not set for this month yet . our group committe prob negotiating the price over the next few days . are you in any of the fixed schemes

[Deleted User]

castletrader wrote: »

26c

Does exchange rate have much effect on price for strathroy?

castletrader

26c

whelan2

wats the craic wrote: »

when did you sign yours it runs for five yrs from the date you have signed it . if i was you get out of that place the sooner the better

What are strathroy paying?

wats the craic

whelan2 wrote: »

how many days left on the f*cking msa's? You can bet if they were no contracts they wouldnt be carrying on like this

when did you sign yours it runs for five yrs from the date you have signed it . if i was you get out of that place the sooner the better

kevthegaff

milkprofit wrote:

How low can Glanbia GO ?????????? can they beat fontera

You should change your username!

whelan2

milkprofit wrote: »

there is no free money

How low can Glanbia GO ?????????? can they beat fontera

They will go as low as we let them go