Dairy Chitchat 4, an udder new thread.

Apologies, I use the terminology Unions to describe any organization that lobbies or organises on behalf of farmers or/and agricultural producers. Eg, CR are known as a confederation, not as a union..but they’re a Union.

Confederation Rural are the joint biggest lobbying association in France, if not the biggest. They started out fairly recently on the platform of imposing EU regulations on all imports of agricultural products imported into Europe…along with abolishing the CAP. I even gave them financial support without becoming a member.
The traditional largest farmers union were/are the FNSEA. They, cleverly, have refrained from planting their flag on the hill about a trade agreement already in place. Fairly basic thinking?

Again, you’ve got it arseways about phytosanitary regulations. They’re not French!! They’re international regulations/standards ensuring the quality and standards of exported products. They are there to ENSURE that what is exported is exactly as it says. They ensure that your avacado isn’t full of fruit fly larvae etc, or that my class1 non gmo maize is exactly that. If all countries had to conform to international phytosanitary regs, you wouldn’t get Jex masquerading as angus, or so-called whole milk powder with the butterfat removed and replaced with palm oil.
I have pages of certification with every load of maize that leaves here so that exporters can prove that it is exactly what it says on the tin.

I suppose the jolly in Athlone got farmers to wash the auld tractor…and more importantly, that a few gombeen politicians get elected again.

I got the impression from reading his many posts that he would be…ahem…somewhat bigger !
Your photo is a serious let down .

Hope you guys don’t mind me posting this here—I know a lot of you probably own a decent amount of Kerry shares after the spin-out this time last year. 

The long and the short of it is, the company is stuck in the mud. An overpaid underperforming CEO. Lack of volume growth speaks volumes. The shares where they are now are a classic example of a “value trap”. 

Below, I’ve shared screenshots of an article from The Business Post regarding Kerry’s share price and the state of play for the company moving forward.

There is one key metric mentioned in the article that everyone needs to pay attention to: “Volume Growth.”

Put simply, volume growth is the measure of how much more product they are actually selling this year compared to last year. It’s the clearest sign of whether a company is truly expanding or just standing still.

Kerry Group CEO Edmond Scanlon has repeatedly claimed that Kerry would achieve 4-6% volume growth and promised the company would reach 2 billion customers by 2030. All that talk is what originally drove the share price up to those highs of €130.

Long story short: Edmond talked the talk, but he has failed to walk the walk. Since he made that 4-6% promise, actual volume growth has languished between 0.9% and 3.3% every single year. To make matters worse, the article below shows they’ve now cut the volume growth guidance for next year as well.

The reality is they aren't selling enough new produce on a yearly basis. There is only so much juice you can squeeze in terms of hiking prices to grow your profits before you hit a wall. 

I won’t even go into the disastrous attempt Edmond made to buy a hugely overvalued DuPont, or the historic fine Kerry received for food safety issues in America.

It’s also worth noting that under his watch, the market cap of the company has halved in six years, while the ISEQ index has doubled in the same period. 

We won’t even go there regarding his 32% wage increase last year, which made him the best-paid CEO of any ISEQ-listed company. He took that raise while overseeing one of the worst share price performances on the entire index for that year.

And let’s not forget 2021, when they tried to sell the dairy business to the co-op for €800m—a massively overvalued deal in the middle of Covid. Our co-op board at the time actually voted that there was no need for a shareholder vote to approve it.

Kerry Group and Edmond Scanlon were perfectly happy to go along with that, and the deal was only scuppered because farmers refused to take it lying down. We eventually got the deal almost four years later, but for close to half the original price tag.

Just seen lamnesd longevity both which ebi are poor on bring back british friesian i guess

yes milk her. She will dry up if you don’t

Can you batch up the ones to calve in the next 2 weeks and keep an eye on them. That’s what I do here. Every few days cows that are due within 14 days are added into a springing group to get some meal prep calving and keep a closer on them

White gold

Were they the crowd that were pushing property in Bulgaria at the height of the Celtic Tiger??

fine bag on her…

give the springing ones a shake of meal for a week before calving. A kg of a beef nut would be plenty. The bacteria in there rumen will be adjusted to meal and they’ll hit the ground running when they calve