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Milk Price- Please read Mod note in post #1

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    #9812
    Keepgrowing
    Registered Users Posts: 2,485 ✭✭✭Keepgrowing


    OverRide wrote: »
    Trouble is,you don't seem to differentiate between money maker and a fair days pay
    No point lauding the former when milk won't do the latter unless you're a processor manager who gets paid and bonused at the farmers expense even when products are selling poorly

    One lesson from this episode is that there needs to be a link between salaries and price for our senior management. That's not saying they shouldn't get paid well in a downturn as its possibly harder to do their job in those conditions but I think they need a little more skin in the game. To get good management we do need to pay top dollar but there needs to be a correlation to the farmers return.

    Now how to achieve this well that's another days work.


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    #9813
    Dawggone
    Closed Accounts Posts: 6,506 ✭✭✭Dawggone


    Keepgrowing wrote: »
    One lesson from this episode is that there needs to be a link between salaries and price for our senior management. That's not saying they shouldn't get paid well in a downturn as its possibly harder to do their job in those conditions but I think they need a little more skin in the game. To get good management we do need to pay top dollar but there needs to be a correlation to the farmers return.

    Now how to achieve this well that's another days work.


    +1.

    CoCo bonds or ECNs, call 'em what you like.

    Kowtow will explain.


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    #9814
    rangler1
    Closed Accounts Posts: 6,497 ✭✭✭rangler1


    OverRide wrote: »
    Trouble is,you don't seem to differentiate between money maker and a fair days pay
    No point lauding the former when milk won't do the latter unless you're a processor manager who gets paid and bonused at the farmers expense even when products are selling poorly

    There was always more money to be made in agriculture than farming.....more money in sales/processing, probably the same as any commodity


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    #9815
    Farmer Ed
    Banned (with Prison Access) Posts: 4,617 ✭✭✭Farmer Ed


    Keepgrowing wrote: »
    One lesson from this episode is that there needs to be a link between salaries and price for our senior management. That's not saying they shouldn't get paid well in a downturn as its possibly harder to do their job in those conditions but I think they need a little more skin in the game. To get good management we do need to pay top dollar but there needs to be a correlation to the farmers return.

    Now how to achieve this well that's another days work.

    I agree with most of your post but all the research now would suggest that paying people above a certain level actually reduces performance. Apparently you don't need to pay mega bucks to get a good manager. Sure they need to be paid a good living wage. But all the latest research proves that above a certain point it actually becomes counter productive. Most of these guys are dairy scientists. How many points in you leaving do you need to become a dairy Scientist? Indeed how many of them actually have any qualification in business management? We need to stop tipping the hat to some of these guys.


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    #9816
    Sam Kade
    Registered Users Posts: 12,313 ✭✭✭✭Sam Kade


    red bull wrote: »
    Any news from Arrrabawn

    lakelands also increased July milk price


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    #9817
    kevthegaff
    Registered Users Posts: 6,905 ✭✭✭kevthegaff


    rangler1 wrote:
    Broken hearted i am, 30 years profiteering and you only have to suffer for two years.........just ain't fair. I still reckon it's a dead cat bounce........that's a term my accountant used when my AIB shares dropped to 80c and gave a slight rise in 2008 At least I took his advice and didn't buy them at 80c


    You seem to forget how many dairy farmers have left the sector in the last 20 years, not all rosey in the garden looking over the fence


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    #9818
    Farmer Ed
    Banned (with Prison Access) Posts: 4,617 ✭✭✭Farmer Ed


    kevthegaff wrote: »
    You seem to forget how many dairy farmers have left the sector in the last 20 years, not all rosey in the garden looking over the fence


    Also let's be honest about it dairy farming takes up a lot more time and investment than most other enterprises. we would need to be getting some return on that. Otherwise we are just busy fools


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    #9819
    whelan2
    Registered Users Posts: 29,239 ✭✭✭✭whelan2


    kevthegaff wrote: »
    You seem to forget how many dairy farmers have left the sector in the last 20 years, not all rosey in the garden looking over the fence
    Wonder how many got into dairying recently?


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    #9820
    boggerman1
    Closed Accounts Posts: 1,070 ✭✭✭boggerman1


    whelan2 wrote: »
    Are you in their catchment area?

    I was been sarcastic in that comment.I am a centenary co-op supplier who ends up in glanbia


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    #9821
    OverRide
    Closed Accounts Posts: 665 ✭✭✭OverRide


    Keepgrowing wrote: »
    One lesson from this episode is that there needs to be a link between salaries and price for our senior management. That's not saying they shouldn't get paid well in a downturn as its possibly harder to do their job in those conditions but I think they need a little more skin in the game. To get good management we do need to pay top dollar but there needs to be a correlation to the farmers return.

    Now how to achieve this well that's another days work.

    There is no doubt in my mind that the reason the likes of Bergin et al get paid what they do in a downturn is they ride on the coat tails of the Plc involvement
    The only route away from that is to buy out the remaining 40% of GiiL and it then as our purchasing CooP must have transparent goals for its profit and farm gate profit
    End the nonsense where we allow the CooP to sell our shares in a price support pretense ,which was in reality always the coop supporting the Plc
    Replace it with spin outs triggered in low price regimes


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    #9822
    orm0nd
    Registered Users Posts: 4,182 ✭✭✭orm0nd


    whelan2 wrote: »
    Wonder how many got into dairying recently?

    locally here 3, probarbly milking as many as 7 or 8 that got out in the last 10 to 15 years


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    #9823
    Farmer Ed
    Banned (with Prison Access) Posts: 4,617 ✭✭✭Farmer Ed


    orm0nd wrote: »
    locally here 3, probarbly milking as many as 7 or 8 that got out in the last 10 to 15 years

    I think your experience would be fairly typical. Hard to match it up with this prediction http://www.irishexaminer.com/ireland/coveneyup-to-10000-dairy-jobs-likely-318187.html


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    #9824
    kowtow
    Registered Users Posts: 6,135 ✭✭✭kowtow


    Dawggone wrote: »
    +1.

    CoCo bonds or ECNs, call 'em what you like.

    Kowtow will explain.

    I think I did explain a long way up this thread, but suffice to say they would definitely have to be called MooCo(ws).


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    #9825
    kowtow
    Registered Users Posts: 6,135 ✭✭✭kowtow


    rangler1 wrote: »
    There was always more money to be made in agriculture than farming.....more money in sales/processing, probably the same as any commodity

    I'm sure you are right but I don't think that's a reason for farmers to shrug their shoulders - they should be working hard to end the more obvious upstream abuses.

    Remember, we don't produce commodity milk here - we produce premium, largely pasture fed, milk from small family herds with a very long historical and geographical tradition.

    We just sell it as commodity milk.


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    #9826
    Brown Podzol
    Registered Users Posts: 1,847 ✭✭✭Brown Podzol


    orm0nd wrote: »
    I think you're safe enough for the time being, this "rebound" will be a very lazy curve,

    It might be faster than you think. Futures look like giving 7c by Dec. If the Sheriff's info is correct and there is €30k co-op debt on farms the co-op's will have to pay out to get in. Volumes will be lower from now on and the impact of the supply reduction scheme will reduce volumes further so will cost co-op's less.
    Shame sake and supplier pressure are added incentives.
    On the fert front, p has reduced by 30% on world markets but has not been passed on here because expensive stocks have to be cleared. We should see this reduction next year. No p applied here last year or this year except as slurry as all index 4 beginning of 15.Will sample end of this year and top up next year, the tax man might contribute more to the price then.
    So I'm long milk and short fert.;) Lets see, it's great fun.:D


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    #9827
    Keepgrowing
    Registered Users Posts: 2,485 ✭✭✭Keepgrowing


    Brown Podzol wrote: »
    It might be faster than you think. Futures look like giving 7c by Dec. If the Sheriff's info is correct and there is €30k co-op debt on farms the co-op's will have to pay out to get in. Volumes will be lower from now on and the impact of the supply reduction scheme will reduce volumes further so will cost co-op's less.
    Shame sake and supplier pressure are added incentives.
    On the fert front, p has reduced by 30% on world markets but has not been passed on here because expensive stocks have to be cleared. We should see this reduction next year. No p applied here last year or this year except as slurry as all index 4 beginning of 15.Will sample end of this year and top up next year, the tax man might contribute more to the price then.
    So I'm long milk and short fert.;) Lets see, it's great fun.:D

    I suppose that's the long and the short of it


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    #9828
    kowtow
    Registered Users Posts: 6,135 ✭✭✭kowtow


    Brown Podzol wrote: »
    So I'm long milk and short fert.;) Lets see, it's great fun.:D

    In technical terms you are straddling a barrel of crude.

    Which is better than being over one.


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    #9829
    mahoney_j
    Registered Users Posts: 11,115 ✭✭✭✭mahoney_j


    Hearing through the grapevine atrabawn July price up 0.5 cent to 24.18 vat inc


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    #9830
    Brown Podzol
    Registered Users Posts: 1,847 ✭✭✭Brown Podzol


    kowtow wrote: »
    In technical terms you are straddling a barrel of crude.

    Which is better than being over one.

    I'd better not drop the ball(s) so.


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    #9831
    Farmer Ed
    Banned (with Prison Access) Posts: 4,617 ✭✭✭Farmer Ed


    red bull wrote: »
    Any news from Arrrabawn

    Arrabawn co-op raises milk price for July supplies @agrilandIreland http://www.agriland.ie/farming-news/arrabawn-co-op-raises-milk-price-for-july-supplies/

    Any news on Dairygold?


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    #9832
    C4d78
    Registered Users Posts: 334 ✭✭C4d78


    Farmer Ed wrote: »
    Arrabawn co-op raises milk price for July supplies @agrilandIreland http://www.agriland.ie/farming-news/arrabawn-co-op-raises-milk-price-for-july-supplies/

    Any news on Dairygold?

    Not for another few days.
    They badly need to match the 1c/l increases before it becomes embarrassing for them left adrift at the very bottom of the ladder.


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    #9833
    RightTurnClyde
    Registered Users Posts: 2,141 ✭✭✭RightTurnClyde


    Well any predictions for today's GDT.
    A lot of talk that it's going to be a big one


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    #9834
    Mooooo
    Registered Users Posts: 8,611 ✭✭✭Mooooo


    Volume or price wise?


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    #9835
    freedominacup
    Registered Users Posts: 7,920 ✭✭✭freedominacup


    Which direction?


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    #9836
    yewtree
    Registered Users Posts: 811 ✭✭✭yewtree


    Future markets point to a 10% increase in Gdt, would be a great sign that there is a price recovery underway.


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    #9837
    Dawggone
    Closed Accounts Posts: 6,506 ✭✭✭Dawggone


    yewtree wrote: »
    Future markets point to a 10% increase in Gdt, would be a great sign that there is a price recovery underway.

    That would be nice.

    Yanks aren't pulling back production though.


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    #9838
    jaymla627
    Registered Users Posts: 6,520 ✭✭✭jaymla627


    Dawggone wrote: »
    That would be nice.

    Yanks aren't pulling back production though.

    Ploughing ahead by all accounts, their production per cow per state is edging for over 10,000 litres year, it's unbelievable how they seem to be getting more milk year on year from their cows, cow numbers aren't declining either and are on a upward curve


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    #9839
    OverRide
    Closed Accounts Posts: 665 ✭✭✭OverRide


    jaymla627 wrote: »
    Ploughing ahead by all accounts, their production per cow per state is edging for over 10,000 litres year, it's unbelievable how they seem to be getting more milk year on year from their cows, cow numbers aren't declining either and are on a upward curve

    Bst

    https://en.m.wikipedia.org/wiki/Bovine_somatotropin


    Fridge loads of it on farms over there


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    #9840
    Farmer Ed
    Banned (with Prison Access) Posts: 4,617 ✭✭✭Farmer Ed


    OverRide wrote: »
    Bst

    https://en.m.wikipedia.org/wiki/Bovine_somatotropin


    Fridge loads of it on farms over there

    The worst thing about that is not alone does it increase production but it also reduces demand as more and more people go completely off dairy. Even here a lot of people think Irish milk contains hormones. A lot of education is needed to get the consumer fully onside.


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    #9841
    Keepgrowing
    Registered Users Posts: 2,485 ✭✭✭Keepgrowing


    Dawggone wrote: »
    That would be nice.

    Yanks aren't pulling back production though.

    Not yet. Met s grp last week and they're feeling the pain now. They feel the way out is more production regardless of price

    http://feedstuffs.com/story-more-calls-dairy-assistance-45-145321


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