Kerry Co Op Shares

The 50 million fund to top-up milk, isn't their a few years of top-ups due, 50 million divided out over a billion litres is 5 c/l on one years supply, so it seems the top up only applies to your historical quota year volumes? Is that correct

So this 5 cent wont compensate for the leading milk price due the years when kerry underpaid .Will milk suppliers who have quit still get this?

Ya, my father will get a load of PLC shares. I'll get a bill for the next 5 years. Leading milk price my hole. Contracts are only applicable to the little people.

Well in fairness if you fixed your milk you got the priced you had agreed to. Whereas the other milk didn't get the agreed "leading price"

yeah.. wont affect us as we had very little milk fixed… but from all the rumours that went around in 2022 it appears there are many operators big and small who had large volumes of milk in fixed price agreements

respondin to Ginger

im sure you will ask that question and many more in ballyroe wednesday week at information night

My father is voting No anyway. The co-op dividend is worth 8k per year to him and he's happy with that. I'm driving him to the vote and he told me I should vote No too. They should have sorted out the leading milk price issue first.

I'd take the hand off them for the 5.4c tbh. But I have no quota. I signed a contract the same as everyone else. I supplied approx 500k litres for the past 8 years in good faith. I don't see what makes me ineligible for the 5.4c.

lack of information being sent to shareholders/suppliers is astounding no official comunication as im both .presume everyone else in the same boat

The leading milk price should have been settled before any jv is voted on ,

That was always the impression the board of the co op gave the milk suppliers ,

Its should be a red line ,

At end of the day its bullshit to say it was unachievable because the dog on the street knew the plc wanted a deal ,

So again our co op failed to deliver , they must have trip over themselves with excitement .

they should know the plc wants rid of them and they had there chance to sort this in good faith before they moved any further ,

Missed opportunity .

At end of the day the milk supplied by each expanded supplier above there quota was bought sold and used by the plc , this was produced in many cases on leased ground from suppliers who have exited milk ,

It’s a insult to our hard work , and not in good faith , in order to progress to the next stage a Jv

,

Like I said before and people just are not getting it ,

The milk suppliers after that vote is done , regardless of the outcome , have to pay for the jv .

The milk suppliers have to pay for the jv from work and milk not yet supplied .
I am not interested in hearing about shareholders hair cuts ,

the milk suppliers have to shore up this Jv regardless of how poorly the jv performs ,

The plc are well secured in the jv , they get there payment yearly and they get to buy the product , with there leg on both sides of the fence .
and they expect the over quota farmers to continue to supply them ,

To be honest ,I hope the producer group numbers swell and the co op have to deal with offering them their deal and see what else is out there ,
if I get a deal elsewhere , I am not supporting this rotten deal for milk suppliers ,

Good deal for share holders ,

Shareholders don’t give a damn , they are only interested in themselves .

I’ve been giving some thought to the producer group, and I’d like to offer some fruit for thought for everyone here.

Let’s take a look back at Newtownsandes Co-op (or NTS) in Moyvane. As of 2015, they had around 80 suppliers producing 25 million litres of milk. Back in the early ‘90s, Kerry was interested in taking them over and found that their entire milk pool was within a tight 3-mile radius.

Now, here’s where things get interesting. NTS had no processing facilities of their own, so by the late 2010s, they were left with no choice—they needed to be absorbed by a co-op with processing capabilities. For years, they’d shopped their milk around, but Kerry eventually shut the door, saying they didn’t want to buy NTS milk anymore and had no interest in taking them over. NTS found themselves in a precarious spot, on the verge of being left out in the cold.

In reality, NTS was more of a glorified producer group than a full-fledged co-op. They had a couple of million in the bank and owned a valuable piece of land in the heart of Moyvane village. But in the end, to avoid being left high and dry, they had to hand over their savings and land just to be taken in by North Cork Co-op, which, at times, delivers a milk price even lower than Kerry’s.

So, here’s my point: be cautious with the producer group concept. You don’t want to find yourself in a situation like the NTS suppliers, who I once saw turning up at a Kerry Group regional meeting. When I saw them there, I thought I was seeing things. After the meeting, I was told they had approached the head of Kerry’s dairy business, asking if he’d consider taking in some of their larger suppliers—those just minutes from the Listowel plant. The response they got? “We have enough on our plate looking after our own.”

Today, everyone’s talking about milk shortages and scarcity, but let’s remember it wasn’t so long ago—maybe 3 or 4 years—when we were hearing the opposite. Nobody could have predicted Brexit, Trump’s first election in 2016, let alone his re-election in 2024. When COVID hit China, who could’ve foreseen it would lead to nearly two years of lockdowns for us? And if you had told anyone in 2020 that Europe was on the brink of a war that would leave over a million dead or injured, they’d have laughed. My point? The future is unpredictable. Anything can happen.

Given that uncertainty, when I look at the people running the producer group today, I’ll be honest—I wouldn’t trust them with my family’s livelihood.

i think nts problem was there average scc was way off the scale the management of its was very farmer friendly never fined farmers or refused there milk when kerry didn't want it ever other coop cocked there nose maybe they might be still independent if there house was in order

I wouldn't see anything wrong with dairygold for example buying the co-op.

If this is approved in Killarney in 2024...it will not affect milk suppliers either way,their contract finishes anyway beyond this decision.

I'd say you know the answer to that yourself....