Dairy Chitchat 4, an udder new thread.

well Cute George should know he is a resident in the same parish… i know very little bout it.. but you hear rumours when it does appear on daft.ie as being for sale…

Quite a large spinout with this SGM

€7013 worth of plc shares per 1000 co op shares

Subject to the CoOp shareholders un electing the board if it does wrong though

Its their largest spin out ever in a year thats been very difficult for farmers,clever time to pitch it I suppose?

If you inherited recently and had revenue accept a higher value than reality (which most would try to do) then you'd be in the green. There would also be plenty who inherited during the Celtic Tiger who'd have maxed out their allowance and for which the land is still nowhere near that in reality

I was merely explaining that there could be other reasons for company structure

Basically the 29% shareholding tirlin have in glanbia plc shares is owned by co-op members, the ratio is every co-op share is worth around 6 plc shares….

The board are going to give their members around 14% of their current holdings in co-op shares as converted plc shares, on the stipulation you allow them to sell off your remaining plc shares so they can basically go gambling with your money, theirs already circa 15 million plc shares that will be taken from co-op members in late 26/27 to pay for the 250 million euro exchangeable bond that was taken out in 2022 to fund the buyout of the plc…

They also have 150 million already in reserve to do what their rambling on about why they are pushing further trying to reduce the shareholding to under 17.5%, somethings not adding up, why they need to do this their trying to get a cashpile of over half a billion, that will be taken from co-op shareholders, a member with 4000 plus co-op shares will be down well over 100k

odlums factory, in portarlington, the land around their and between emo was never really a dairying area, especially emo very few tillage men converted in that general area either to dairying

Dosent sit right what they are trying to pull, lost all faith in the board when i brought up the leprino takeover of the portlaoise plant, asked what the situation was re product supply to the plant if milk volumes keep falling, the co-op is tied into a 5 year rolling contract indefinetley i was told….

Biggest fear is they cash in the plc shares and go into a joint venture with the plc on a project which is probably what they are planning

I have 5 or 6 cows that have nearly gone dry with very little milk, anyone same problem or could it be fluke? I wormed them in June

Youll survive away fine at them numbers but people like nice things now and if the farm can’t provide them young people don’t want to know about it.

Despite your views on high stocking rates I doubt there are many people milking 100 cows on a 50 acre platform making sub 50k from it they always have other support blocks and I doubt many are stupid enough to carry on the way you described I’m sure they can use a calculator, even though that kind of stocking rate is madness.

Is a person farming, working off farm and running a business any less mad then the person milking 100 cows on 50 acres?

Tbf if he was milking 60-80 cows I doubt he’d have come up with the 300-500k to buy either of them blocks either, surely he has more than 60k a year out of that setup either way. I know a guy with similar setup who went to 15k on a decent sized block bounding him so some of these guys must have their heads screwed on if your man is a smear it’s a different story.

IBR

If you can see the nose flairing abit its ibr, according to the vet anyway. I'll have to dose cows again because they are coughing.