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Milk Price III

blue5000

Welcome to milk price III a place to talk about milk prices, compare co-ops/plcs and price trends globally.

Due to difficulties in the past this thread will be heavily moderated. If you are upset by someone else's comments here, we recommend you put them on ignore and report the post as well. Borderline trolling, baiting or any personal comments will be carded. You have been warned, there will be no on thread moderation 'Back on topic etc.'

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freedominacup

greysides wrote: »

AMEN.

I see what you did there. Very subtle. ðŸ˜‰ðŸ˜‰

K.G.

George Sunsnow wrote: »

Why?

The info supplied is not correct from all sources

greysides

Farmer Ed wrote: »

My apologies Hallowed be its name.

AMEN.

Farmer Ed

Mooooo wrote: »

You have a whole thread for that, and the commentary on it always veered off milk price with your lead hence the thread separation

My apologies Hallowed be its name.

boggerman1

Don't be surprised if glanbia pay out another cent of July to Dec milk to get them up the milk league chart to hoodwink those with short memories.they could have given another cent for September and that was it maybe going any higher.hopefully my centenary co-op will pay us our bonus next week and not try and pull another stunt

Mooooo

Farmer Ed wrote: »

That and we are not allowed call the name in vain of another sacred Co Op on this thread as it has been forbidden by those who worship.

You have a whole thread for that, and the commentary on it always veered off milk price with your lead hence the thread separation

Farmer Ed

Buford T. Justice V wrote: »

mahoney_j wrote: »

Naghhh I’m just pissed off I never jumped when I had the chance ,I’ve had many sleepless nights over it ............NOT!!!!.
Not in one bit facinated with glanbia price ,just like everyone else here sharing an opinion ,I’m a dairy farmer and have an interest ,same as I would of any other coop ,interestingly I hear virtually no rumblings of discontent from any other coop ....

The majority of posters here are Glanbia suppliers so the majority of conversations here will be about them. I would say most suppliers have questioned the prices they are getting a few times every year.

That and we are not allowed call the name in vain of another sacred Co Op on this thread as it has been forbidden by those who worship.

Mooooo

George Sunsnow wrote: »

So no answer then on what’s wrong with having a league of base milk price’s ?

I know Glanbia don’t like it because it shows up how poorly they pay 60% of their suppliers compared to the other co ops
And of course of the 40% fixed ,many have half or less fixed
Some ver very little

But hush hush don’t tell anyone?
Is that it?

It should be based on just base price, anything else can be commented on after

mf240

Glanbia are paying the lowest price in the country at the moment. End debate. ....

George Sunsnow

So no answer then on what’s wrong with having a league of base milk price’s ?

I know Glanbia don’t like it because it shows up how poorly they pay 60% of their suppliers compared to the other co ops
And of course of the 40% fixed ,many have half or less fixed
Some ver very little

But hush hush don’t tell anyone?
Is that it?

Buford T. Justice XIX

mahoney_j wrote: »

Naghhh I’m just pissed off I never jumped when I had the chance ,I’ve had many sleepless nights over it ............NOT!!!!.
Not in one bit facinated with glanbia price ,just like everyone else here sharing an opinion ,I’m a dairy farmer and have an interest ,same as I would of any other coop ,interestingly I hear virtually no rumblings of discontent from any other coop ....

The majority of posters here are Glanbia suppliers so the majority of conversations here will be about them. I would say most suppliers have questioned the prices they are getting a few times every year.

Mooooo

Ah in fairness there are people not happy with every coop and glanbia prob has the larger number of people on here anyway so more commentary on it. Still depending on what each coop does it is interesting to see the different ways about it.
The point above made that it depends on each farmer is true also. Those with little debt or less labour etc, or indeed any other personal circumstance may be less exposed at lower prices than others who have to make repaymebts etx so a fixed price may offer levels of certainty once you can make a margin on it. Just have to be careful what way it goes

freedominacup

mahoney_j wrote: »

,interestingly I hear virtually no rumblings of discontent from any other coop ....

Then you either need a hearing aid or an upgrade of the one you have.

mahoney_j

Keepgrowing wrote: »

I was happy with a 1c/litre retrospective payment.

Stunt, that's an opinion based on an assumption that the majority value the league. I'm afraid they don't.

IFJ chose to include it, wrongly in my opinion but it proves my point about the irrevelance of that league. The CG audit is the only one of value IMO.

I'm absolutely not happy about no rise how could I? It's a matter I'll raise elsewhere

Btw, what's you facination with Glanbias price? Are you considering jumping ship?

Naghhh I’m just pissed off I never jumped when I had the chance ,I’ve had many sleepless nights over it ............NOT!!!!.
Not in one bit facinated with glanbia price ,just like everyone else here sharing an opinion ,I’m a dairy farmer and have an interest ,same as I would of any other coop ,interestingly I hear virtually no rumblings of discontent from any other coop ....

jaymla627

Farmer Ed wrote: »

Is it honestly plausible to believe that any company has forward brought product five year ahead in the current climate with Brexit ext? Honestly the must think people came down in the last shower.

In the glanbia structure the plc arm of the company could be the "customer", of course its a pisstake that they also own 40% of the co-op they are buying off but that's the situation glanbia suppliers find themselves in,

rangler1

jaymla627 wrote: »

Fixed price contracts are meant to be for agreed volumes that glanbia forward sale to another party for x amount of years at a agreed price our so we are told.....
The Grennans scheme is effectively hedging over five years milk will average out at 31.5 cent base price, if the arse falls out of it and say 26cent is the average over the five years they are out of pocket likewise they are up money if it where to average 33 cent over the 5 year

I think that's what I was trying to say, It's uncompetitive what glanbia are doing and Grennans will highlight that by doing what they're doing.
I'd say the talk of glanbia having fixed price contracts is BS, if the price drops and they can't afford to give 31c for 20% of the milk they can drop the price 1c/ltr for the rest and the 20% is immediately subsidised by 4c/ltr.
I can't believe farmers are taking Glanbia serious

whelan2

Any word on Lakeland price yet?

Farmer Ed

jaymla627 wrote: »

rangler1 wrote: »

Is it not the same with Glanbia, in that if you sign up you won't get any more or less than the base price for 20% of your milk.
What you're highlighting is as expected and not complicated, they're just playing the odds really, they're betting on the price of milk.
An insurance Company could take that on.......

Fixed price contracts are meant to be for agreed volumes that glanbia forward sale to another party for x amount of years at a agreed price our so we are told.....
The Grennans scheme is effectively hedging over five years milk will average out at 31.5 cent base price, if the arse falls out of it and say 26cent is the average over the five years they are out of pocket likewise they are up money if it where to average 33 cent over the 5 year

Is it honestly plausible to believe that any company has forward brought product five year ahead in the current climate with Brexit ext? Honestly the must think people came down in the last shower.

jaymla627

rangler1 wrote: »

Is it not the same with Glanbia, in that if you sign up you won't get any more or less than the base price for 20% of your milk.
What you're highlighting is as expected and not complicated, they're just playing the odds really, they're betting on the price of milk.
An insurance Company could take that on.......

Fixed price contracts are meant to be for agreed volumes that glanbia forward sale to another party for x amount of years at a agreed price our so we are told.....
The Grennans scheme is effectively hedging over five years milk will average out at 31.5 cent base price, if the arse falls out of it and say 26cent is the average over the five years they are out of pocket likewise they are up money if it where to average 33 cent over the 5 year

Farmer Ed

rangler1 wrote: »

jaymla627 wrote: »

It's more complicated then that, if base milk price is say a average base price of 34 cent for the year, you have to pay them 3.5cent x fixed amount but on the other hand if base price is 25 cent for the next year they pay you a top-up of 6.5 cent on your fixed amount.....
Rep is coming out here tomorrow with all the particulars will be interesting to see the ins and outs of it exactly

Is it not the same with Glanbia, in that if you sign up you won't get any more or less than the base price for 20% of your milk.
What you're highlighting is as expected and not complicated, they're just playing the odds really, they're betting on the price of milk.
An insurance Company could take that on.......

The Co Op is not the one betting as they are going to be paying out the same amount of money regardless. Its the farmer is betting against the other 80 or 90% of milk that is not fixed.

rangler1

jaymla627 wrote: »

It's more complicated then that, if base milk price is say a average base price of 34 cent for the year, you have to pay them 3.5cent x fixed amount but on the other hand if base price is 25 cent for the next year they pay you a top-up of 6.5 cent on your fixed amount.....
Rep is coming out here tomorrow with all the particulars will be interesting to see the ins and outs of it exactly

Is it not the same with Glanbia, in that if you sign up you won't get any more or less than the base price for 20% of your milk.
What you're highlighting is as expected and not complicated, they're just playing the odds really, they're betting on the price of milk.
An insurance Company could take that on.......

Keepgrowing

mahoney_j wrote: »

Agree ,so as a glanbia supplier where u happy with last months stunt and are u happy with just holding sept price when a rise is fully justified ?!

I was happy with a 1c/litre retrospective payment.

Stunt, that's an opinion based on an assumption that the majority value the league. I'm afraid they don't.

IFJ chose to include it, wrongly in my opinion but it proves my point about the irrevelance of that league. The CG audit is the only one of value IMO.

I'm absolutely not happy about no rise how could I? It's a matter I'll raise elsewhere

Btw, what's you facination with Glanbias price? Are you considering jumping ship?

Farmer Ed

mahoney_j wrote: »

George Sunsnow wrote: »

Why?

Yes agree ,should be just base price at standard solids ,no fooling the system and inflating position with top ups ,fixed schemes bonus payement ala last months glanbia stunt ,where would glanbia price be then????,and I’m not obsessed with it by the way

Totally agree, has always been my main issue with such schemes as inevitability they will be used to muddy the water.

mahoney_j

Keepgrowing wrote: »

Your obsessed with an irrevelant league only published to boost circulation. The inclusion of the 1c only reinforces that point.

That league shouldn't and never could be taken seriously

Agree ,so as a glanbia supplier where u happy with last months stunt and are u happy with just holding sept price when a rise is fully justified ?!

mahoney_j

George Sunsnow wrote: »

Why?

Yes agree ,should be just base price at standard solids ,no fooling the system and inflating position with top ups ,fixed schemes bonus payement ala last months glanbia stunt ,where would glanbia price be then????,and I’m not obsessed with it by the way

George Sunsnow

K.G. wrote: »

Absolute waste of time that league in the journal

Why?

K.G.

George Sunsnow wrote: »

In reality it’s the opposite
They couldn’t be seen to be rising base ahead of their deadline to sign the 5year fixed at 31
The farmer is not the priority

I don’t see anyone else here with that view
Apart from last months 1c error ,are there any other errors driving your opinion?

Or is it simply that we should all carry on and ignore what others pay?

Absolute waste of time that league in the journal

whelan2

Timmaay wrote: »

AFAIK Your 5 years is from the day you signed up.

No. Its January. Works out at 5and a half years even though it,says 5

jaymla627

Buford T. Justice V wrote: »

That struck me as well, Lakelands are usually the first to announce the price and it does look like an attempt to influence the rest to hold milk price at what they already have.

Lakelands could steal a march on glanbia in signing up perspective new entrants though given they share a lot of the same catchment area, if they go up another cent any lad starting milk in 2018 with the choice of the two is definitely going with Lakelands

Timmaay

Coolfresian wrote: »

Is January the earliest to hand in notice to leave glanbia? Beyond dissapointed at their milk price at this stage. Lucky that 3 other milk proccesors pass the farm gate every day.

AFAIK Your 5 years is from the day you signed up.