Milk Price- Please read Mod note in post #1

whelan2 · 04-09-2014 11:14AM

any idea on August price?

whitebriar · 04-09-2014 11:34AM

Deepsouthwest wrote: »

I see AIB are predicting a rise in milk price for the first half of nxt yr in their latest agricultural newsletter. I hope their right, can't say I'd be over optimistic with their track record of market forecasts!

Well a move from 28 to 31 probably would be a rise by then...

Gman1987 · 04-09-2014 09:28PM

First Milk after announcing a cut of 3 pence per litre

Greengrass1 · 04-09-2014 11:41PM

http://www.agriland.ie/news/mcguinness-calls-dropping-super-levy/#

darragh_haven · 04-09-2014 11:56PM

Greengrass1 wrote: »

http://www.agriland.ie/news/mcguinness-calls-dropping-super-levy/#

All well and good. But its not going to be dropped.

whelan2 · 05-09-2014 05:49AM

would dropping super levy now not make things worse by flooding the market with product?

stop thelights · 05-09-2014 06:42AM

Era McGuinness loves her photo being in the paper. Remember when the presidency was coming up she was in the journal left right and centre!!!
Superlevy won't be touched!

RightTurnClyde · 05-09-2014 09:22AM

Greengrass1 wrote: »

http://www.agriland.ie/news/mcguinness-calls-dropping-super-levy/#

They're not going to pay for intervention on one hand, and allow for a free-for-all on the other.

That said if Big Phil, gets the new job, god only knows what could happen.

Greengrass1 · 05-09-2014 09:27AM

RightTurnClyde wrote: »

They're not going to pay for intervention on one hand, and allow for a free-for-all on the other.

That said if Big Phil, gets the new job, god only knows what could happen.

What would he be like I wonder?

freedominacup · 05-09-2014 09:29AM

RightTurnClyde wrote: »

They're not going to pay for intervention on one hand, and allow for a free-for-all on the other.

That said if Big Phil, gets the new job, god only knows what could happen.

Angela isn't going to tell claud to cut a cheque to the eu for superlevy on the first of April that's what will decide whether it will be dropped or not.

whitebriar · 09-09-2014 05:44PM

Glanbia technically holding August price at 35cpl inc vat by using their price stability fund to compensate for a 2c cut they've imposed
Text says letter to follow

slippy wicket · 09-09-2014 05:59PM

whitebriar wrote: »

Glanbia technically holding August price at 35cpl inc vat by using their price stability fund to compensate for a 2c cut they've imposed
Text says letter to follow

Does that only apply to those of us who signed the contract. I thought it was one of the carrots.

Greengrass1 · 09-09-2014 06:23PM

Race to the bottom !!

mf240 · 09-09-2014 06:30PM

slippy wicket wrote: »

Does that only apply to those of us who signed the contract. I thought it was one of the carrots.

No it for everyone. 2 cent in august will see it spent.

Milked out · 09-09-2014 06:33PM

whitebriar wrote: »

Glanbia technically holding August price at 35cpl inc vat by using their price stability fund to compensate for a 2c cut they've imposed
Text says letter to follow

Not In glanbia put personally would prefer for such funds to be used for when things are maybe worse for a sustained period. If next spring has a poor price that's when I'd like to see it supported not when current solids would give a good top up to base price which while dropping isn't v bad yet

whitebriar · 10-09-2014 12:36PM

mf240 wrote: »

No it for everyone. 2 cent in august will see it spent.

Indeed...GII would rather spend it now when milk supply is low..cost them less
Quite clever of them :rolleyes:

mf240 · 10-09-2014 12:41PM

whitebriar wrote: »

Indeed...GII would rather spend it now when milk supply is low..cost them less
Quite clever of them :rolleyes:

Well its five million. It will be five million whenever they spend it so cant agree with that.

Sad to see them dropping it so quickly though seen as how reluctantly they rose it last year.

mahoney_j · 10-09-2014 01:30PM

Milked out wrote: »

Not In glanbia put personally would prefer for such funds to be used for when things are maybe worse for a sustained period. If next spring has a poor price that's when I'd like to see it supported not when current solids would give a good top up to base price which while dropping isn't v bad yet

Very good point

RightTurnClyde · 10-09-2014 01:34PM

Not in glanbia, but what is this fund? They give 2c/l out if it while price is down, and when price is good you pay it back?

whitebriar · 10-09-2014 02:20PM

mf240 wrote: »

Well its five million. It will be five million whenever they spend it so cant agree with that.

Sad to see them dropping it so quickly though seen as how reluctantly they rose it last year.

Aye but they spend less if there's less milk,whilst the remainder stays in their coffers gathering interest n'est pas?

mf240 · 10-09-2014 02:41PM

whitebriar wrote: »

Aye but they spend less if there's less milk,whilst the remainder stays in their coffers gathering interest n'est pas?

Dont know really.

Cant help feel they kind of shot themselves in the foot with this one.

If they had said nothing about this fund and just held price at 35 it would of been much more palatable to farmers.

Brown Podzol · 10-09-2014 05:41PM

Milked out wrote: »

Not In glanbia put personally would prefer for such funds to be used for when things are maybe worse for a sustained period. If next spring has a poor price that's when I'd like to see it supported not when current solids would give a good top up to base price which while dropping isn't v bad yet

I notice over the years that a lot of the initiatives taken by co-op's are not road tested on farm. This 2c would be much more beneficial to farmers if paid next year when milk price is expected to be lower, not this year when profits will be higher and more tax to be paid. The same goes for the DG peak management proposals { scrapped, eventually when applied to farm situations} . The super levy payment scheme by DG will in time be seen to be more beneficial to the co-op than the milk suppliers. Surely a farmer board member could impose the proposals on his own farm situation and see the flaws in schemes proposed.

frazzledhome · 10-09-2014 06:02PM

whitebriar wrote: »

Indeed...GII would rather spend it now when milk supply is low..cost them less
Quite clever of them :rolleyes:

Doesn't cost them less, it's your money, stopped earlier in the year

Greengrass1 · 10-09-2014 06:09PM

Brown Podzol wrote: »

I notice over the years that a lot of the initiatives taken by co-op's are not road tested on farm. This 2c would be much more beneficial to farmers if paid next year when milk price is expected to be lower, not this year when profits will be higher and more tax to be paid. The same goes for the DG peak management proposals { scrapped, eventually when applied to farm situations} . The super levy payment scheme by DG will in time be seen to be more beneficial to the co-op than the milk suppliers. Surely a farmer board member could impose the proposals on his own farm situation and see the flaws in schemes proposed.

What is DG superlevey scheme. Read ifj feck all niw

whelan2 · 10-09-2014 08:29PM

whitebriar wrote: »

Indeed...GII would rather spend it now when milk supply is low..cost them less
Quite clever of them :rolleyes:

sorry to see whitebriar closed his account:mad: hope ya come back from sunny east wicklow;)

arctic8dave · 11-09-2014 11:25AM

Talking to a board member of DG this morning said probably 33 cent for Aug but won't know for sure till the 17th. Also said we won't be in 30's in the spring

Deepsouthwest · 12-09-2014 10:11AM

arctic8dave wrote: »

Talking to a board member of DG this morning said probably 33 cent for Aug but won't know for sure till the 17th. Also said we won't be in 30's in the spring

Back up to 40's?!!

darragh_haven · 12-09-2014 10:31AM

Deepsouthwest wrote: »

Back up to 40's?!!

Oh, if everyone had your way of thinking, we'd have a great country

Brown Podzol · 12-09-2014 10:40AM

Greengrass1 wrote: »

What is DG superlevey scheme. Read ifj feck all niw

"The proposed scheme will operate with milk suppliers paying 15 cent of total super levy penalty of 28.65 c/l by April 2015, with the balance being collected in ten equal instalments between May and September in the years 2015 and 2016. This scheme is optional and suppliers will need to sign up to avail of the facility. As always, Dairygold will pay the super levy payment in full on behalf of its milk suppliers to the Department of Agriculture when it falls due."

darragh_haven · 15-09-2014 02:46PM

Brown Podzol wrote: »

"The proposed scheme will operate with milk suppliers paying 15 cent of total super levy penalty of 28.65 c/l by April 2015, with the balance being collected in ten equal instalments between May and September in the years 2015 and 2016. This scheme is optional and suppliers will need to sign up to avail of the facility. As always, Dairygold will pay the super levy payment in full on behalf of its milk suppliers to the Department of Agriculture when it falls due."

Is there some catch? or is it just the Co-op genuinely trying to help out its suppliers?

Milk Price- Please read Mod note in post #1

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