You could expect a base price of 43/44 by August maybe when the non existent peak supply for this year has passed. You’ll get the exact spiel from co ops as brennan has there everything was forward sold months out, not much forecasted demand, no one’s buying they all stocked up ages ago etc.
In reality co ops are probably thinking even if 5-10% of suppliers left at the end of the year that if we returned to some bit of weather normality next year and yields creep up again they’ll be no worse off milk pool wise. It would take a huge drop in milk supply for them to shake things up and then with increased processing costs I doubt the farmer will be any better off financially in the milk statement.
Wouldn't it be great to know a couple of months in advance what milk price would be.......a fella might give an extra pull of meal in the parlour if it was worthwhile
Ye, indeed, tirlan have been in June since last Saturday, which we wont get paid for until july
Yet the excuse will be that they have forward contracts locked in so wont be able to return a milk price that is representative of the current spot market. If they have forward contracts they should be able to provide a forward milk price. Majority of the UK processors annonce the milk price in advance so I dont know why the irish suppliers can do likewise.
dairygold going to hold s.g.m. to amend rule 79 to allow them to collect from outside their area. that's their answer to dwindling supplies. no talk of cutting costs. line up folks!
Maybe Co.ops might start to panic, could get interesting..
next few years will be very interesting …gloves will be off when it comes to securing milk …there will be casualties
I think the msa is keeping some co ops going, if farmers started to jump ship what else have they got(not many high value products)
As in they can canvass other coops suppliers for milk? Didn't think they would do that!
Might bring some competition to the market.
And also bring better competition to the agri trading side of things. I know the local Co-op here in is pig dear for general hardware items. Cutting the link from milk to this might force these businesses to actually fight for their trade
We're definitely looking at a changing landscape. I do know that there are quiet a number of suppliers of a coop (difficult times) with approaches made to other coops and then you have the Kerry Producer group with an available milk pool looking for best offers.
According to this article the farm that sold for the big bucks in Limerick had a Cork dairy farmer as the under bidder on the 97 acre lot. Apparently he was buying it for his son. Including fees and all it would have been about €3m for the 97 acres, don’t know how much of a living there is to be made out of 97 acres nowadays.
The farm was bought by an accountant bidding on behalf of his client. If it was the big dairy farmers next door to it that bought it then you’d have to guess that is what they’d do, hire a stranger to bid on it. Best of luck to them all anyway. Very interesting auction indeed.
https://www.limerickleader.ie/video/home/1514852/record-price-limerick-farm-sells-for-over-4m-in-hotly-contested-auction.html
Bought by a businessman as bass rightly guessed a developer I was told, boys next door bought another one of the two bigger parcels I believe.
I presume that's it. take the suppliers let the coop go to hell . they have an msa which requires 2 yrs notice to quit . so I presume other coops have similar.
I know tirlan and lakeland will tell you they don't poach existing suppliers off each other. There is a good number of dual suppliers. So they have 2 poor paying coop to supply.
Tirlan weren't pushing too hard for new suppliers around here anyway in the expansion years. Everyone went to lakelands.
A big developer from limerick used to rent my entitlements, I wonder.
He went down the leasing route latterly and didn't need them.
He owned lots of development land and really young and came across as very nice and normal
You'd buy far nicer hobby farms with better houses and settings than that for a lot less money.
I taught a caller to 4fm late night talk was a bit OTT,when he forecasted that the euro and dollar was fecked. I then saw online that the Chinese were selling off some of there dollars and are now doing deals with India using rupees instead of dollars.
He also said that he expected a huge devaluation of the Euro in the next couple of years. We were being hoodwinked by inflation figures of 3%, when it's more like 20% real life.
So if that in reality turns out through, then it's a wise decision to borrow or at least not having hundreds of thousands lying around, going to be devalued by half.
I wonder is that the reason for some of the mental land prices, the past few weeks
The thing with borrowing is it's fine if you can meet the repayments. But remember if inflation hits 20% as you suggest interest rates will also hit 20%.
I didn’t suggest it, the radio caller, was suggesting that inflation in the past year was nearer to 20% than the governments reported 3 to 4%. And the euro is currently away over valued.
It was only a story I heard, that I found interesting. Could be a total load of shiite. But giving millions for handy farms, is making no sense either
70c/l on the way..
For every commentator predicting doom , there's another predicting a boom
JJust by way of reference concrete was 65 a metre in 2017 75 in 2020 but its 130 now.wouldnt be far from 20 % inflation last couple of years
Looking to sell a few glanbia shares, anyone sell any? What broker should I use? TIA
Co-op or PLC?
Plc
Yeah - whoever had the house b4 did a god awful job at renovating it, basically destroyed any of its previous Victorian charm:(
We went through goodbody stockbrokers
BBack In 2008 I think I paid 84euro/M3 for 35N for a tank and slab inc vat( 74excl) .
