Milk Price- Please read Mod note in post #1

Milked out wrote: »

From the outside that looks to be exactly what the 2 plc's are doing, reducing farmer shareholding until it's gone and then the processing side will be let off as they focus on higher margin areas.

Did farms not vote all this through?

I'd say dairy gold could b bottom talk of another cent cut

Farmer Ed wrote: »

Farmers can not be expected to work for nothing

Glanbia seem to think there's nothing wrong with farmers working for nothing

Henwin wrote: »

any word on the milk price from kerry yet?

http://www.farmersjournal.ie/kerry-cuts-may-milk-price-211946

keep going wrote: »

Im just saying if I was cheif ex I would try and jettison high capital low margin business and stick to low capital high margin

Too right.

If - as some suggest - there are multiple mergers leading to a much smaller number of co-ops, won't we be left in the high capital low margin business without any choice in the matter?

freedominacup wrote: »

When they go for it though kt they'll happily spend a couple of grand per punter on promotion. For comparison the us presidential election spend will be less than 20 dollars per voter and it's considered the height of excess. Anyone who counselled against the last operation was dismissed as a flat earther but even the cynical of us didn't envisage the speed with which this has gone wrong.

Farmers need to take their cash off the table very soon because the current management and board are behaving like one of those cautionary tales you hear about where the big farm is gambled away and pi$$ed up against a wall by the useless clown who only got the place because he happened to be born first. If we don't take it soon they'll have it fine on us using the last of it to lumber us with an undercapitalized and run down dairy commodity processor completely in hock to the company store.

At home we were in waterford coop, has it not been rinse repeat since the start of the Glanbia journey? Silent anger voting in someone you all seemingly regard as useless to head the board, cheerleading the watering down of your own part of the business got yeee to this point. Mumbling about crap prices when farmers are increasing supplying more than they could possibly make into cheese is pointless.

freedominacup wrote: »

When they go for it though kt they'll happily spend a couple of grand per punter on promotion. For comparison the us presidential election spend will be less than 20 dollars per voter and it's considered the height of excess. Anyone who counselled against the last operation was dismissed as a flat earther but even the cynical of us didn't envisage the speed with which this has gone wrong.

Quite.

I remember when I had just started milking cows having a large dairy friend of mine explain to me about white gold and expressing a bit of concerned caution about Chinese exports being an endless source of "white gold" ... his wife called across the kitchen to me - "well what do you know about Chinese markets, you can barely milk a cow?"

There is a bit of an unseemly urgency about this Glanbia bond, particularly if you feel that markets are more or less as low as they are going to go for a while. If those taking it up also pay down trading accounts & taking into account the extraordinary 45% for unspecified working capital you'd be forgiven for thinking that they had just hocked the plc shares - or just plain lost them, depending on the conversion terms - for an expansion war-chest, without having to sell the whole concept to the members.

If I was a Glanbia supplier I think I'd be milking in a baseball hat with the words "fool me once" embroidered in bold type across the front.

Waffletraktor wrote: »

At home we were in waterford coop, has it not been rinse repeat since the start of the Glanbia journey? Silent anger voting in someone you all seemingly regard as useless to head the board, cheerleading the watering down of your own part of the business got yeee to this point. Mumbling about crap prices when farmers are increasing supplying more than they could possibly make into cheese is pointless.

Fwiw in my area our consciences are clear. We have voted against every dilution of the shareholding.

Dawggone wrote: »

I read in the Agriland site that the av price for April in Ireland is ~ 22.8cpl and in France it's ~ 29.5cpl. I understand that that you feel annoyed at the price difference, but you're not taking into account that your PLCs are not marketing the same product into the same market at the same price. Unless your Coops/PLCs start making products other than low base commodities, then there's no real complaint on this...that's what you signed up to. (Tin hat time

That light bulb hasn't yet and won't come on for a long time.
I met with a rep from a coop that supplies into Glanbia, and he was genuinely perplexed as to why Glanbia weren't topping the league consistently. " Shure they have the scale" No matter how much I went on about product mix and marginal milk...just didn't get it. That was 18 months ago
At a talk 12 months ago, where Pat Dillon was speaking, about milk prices andd again I drew down on product mix. ( as an explanation as to the U.S. milk price). Wouldn't hear of it under any circumstance. Bluntly refused to answer, there was another reason but couldnt give it.
Teagasc, farming media and the coops have not only nailed their colours to the NZ mast at milk production level, but also at processing level. They were unable to see the reason why NZ milk price trailed behind global prices by 5c or more for years.
And now we're left with the full version of NZ dairying, top to toe.
I Wish Teagasc, the IFJ and the coops would put as much effort into producing and promoting a product that's saleable as they do harping on and on and on and on about low cost production.
Teagasc, IFJ and coops do yere F**king jobs. Stop looking at farmers to squeeze another cent out of. Do yere F**king jobs, we're doing ours.