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Milk Price- Please read Mod note in post #1

delaval

24/6/16

Recently we saw three posters close their accounts over disagreements in the dairy threads. While there is a lot of frustration and discontent with current milk prices and the processing industry, the recent tendency for dairy threads to become tit-for-tat arguments isn’t tolerable for those not involved.

All farming sectors go through difficult periods and during such times there may need to be changes in how threads are moderated.

Dairy threads are going to be more closely monitored and subject to stricter moderation for a while.

To that end we won’t tolerate baiting of posters, constantly reviving old arguments, posters with agendas or crusading for a cause.

Whether it’s discussion of the business or politics of the dairy or other sectors, we expect civility and tolerance toward each other and other opinions as diversity of opinion is needed as a source of different ways of looking at a situation.

"The aim of argument, or of discussion, should not be victory, but progress." - Joseph Joubert

Also please be aware that what you may post as light-hearted banter can be read totally differently by someone adversely affected by the subject matter and evoke a reaction you hadn’t intended.

The ‘Off-Season’ forum, and its anonymous posting, is available for anyone to chat about their situation.

The Mod Team.

I was wondering would it be a help if we posted our milk prices. I would hope that if someone is low that help could be given, on the other hand if high perhaps your tips could help us all.

I would suggest posting your processors base inc Vat for comparison
Post your Nett price for others to help or be helped
I think that solids should be included.
I suggest any seasonal/liquid contract price be excluded or seperated.

I feel that we as farmers do a lot of bitching about processor prices and rightly so IMO. I also feel that we should not worry about it as we can do nothing about base price but we certainly do something about it at farm level.

What do you all think?

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mahoney_j

Greengrass1 wrote: »

Got top up.
Price was 29.67 before top up
31.1 after it.
Top Up was 1.43cpl

Same as yourself produced 18k more litres this July over last and not much more in the account.
39.5 cpl for july 14
@ 4.30 bf
And 3.74 pr.
Good to see the increase

You have any milk in fixed scheme gg,lads that fixed a portion of milk at 31 on pigs back now,sort off!!also on that do u get top up on that portion of milk at 31 cent as well??

kowtow

GDT + 14.8% +19% WMP

lower sales volume than previous auction.

mahoney_j

Gdt + 14.8% hopefully a sign things are/have bottomed out and green shoots of recovery are starting .even though the trade was slightly manipulated

solwhit12

Dairygold down 1.5 to 25.5 cpl

Greengrass1

mahoney_j wrote: »

You have any milk in fixed scheme gg,lads that fixed a portion of milk at 31 on pigs back now,sort off!!also on that do u get top up on that portion of milk at 31 cent as well??

None lost money with the last scheme. Kinda knew we should have fixed some but I dunno if it's worth it fir 1 yr in 3.
Swings and roundabouts

kowtow

Greengrass1 wrote: »

None lost money with the last scheme. Kinda knew we should have fixed some but I dunno if it's worth it fir 1 yr in 3.
Swings and roundabouts

someone needs to check to what extent the co-ops managed to sell the milk taken under the fixed price scheme forward - in other words to hedge it.

If it was left "uncovered" then those who didn't take a fixed price are now simply subsidising those who did. In that scenario everyone should always take the fixed price scheme because they are paying for it pro-rata anyway..

did / will the co-ops publish this information?

Milked out

solwhit12 wrote: »

Dairygold down 1.5 to 25.5 cpl

Balls

red bull

Arrabawn 26.37 cpl

frazzledhome

mahoney_j wrote: »

You have any milk in fixed scheme gg,lads that fixed a portion of milk at 31 on pigs back now,sort off!!also on that do u get top up on that portion of milk at 31 cent as well??

You get on top of fixed as well as winter or any other bonus.

frazzledhome

kowtow wrote: »

someone needs to check to what extent the co-ops managed to sell the milk taken under the fixed price scheme forward - in other words to hedge it.

If it was left "uncovered" then those who didn't take a fixed price are now simply subsidising those who did. In that scenario everyone should always take the fixed price scheme because they are paying for it pro-rata anyway..

did / will the co-ops publish this information?

Fully covered, fixed volume to large customer. Price fixed at both ends, come what may

No hedge of futures

visatorro

read interesting if depressing article in the economist there. page 59. blaming china's downturn and increase in domestic supply of milk for milk price in NZ. also blames abolition of quota in Europe and ban of imports into Russia.

farmer lad

solwhit12 wrote: »

Dairygold down 1.5 to 25.5 cpl

Always bottom of the pile:(:(

solwhit12

farmer lad wrote: »

Always bottom of the pile:(:(

Woulfe was saying no upturn until well into 2016 anyway .I say we'll have to cut back on the steak dinners and back to the corned beef.

Buford T. Justice XIX

solwhit12 wrote: »

Woulfe was saying no upturn until well into 2016 anyway .I say we'll have to cut back on the steak dinners and back to the corned beef.

Ate the dinner first thing in the morning and have a good run at the day;)

frazzledhome

yosemitesam1 wrote: »

How much debt would lads like that have?

http://www.agriland.ie/farming-news/kiwi-dairy-farmers-debt-has-trebled-in-10-years/

I love the line "too big to fail"

Milked out

frazzledhome wrote: »

http://www.agriland.ie/farming-news/kiwi-dairy-farmers-debt-has-trebled-in-10-years/

I love the line "too big to fail"

What does 1.20/ kg equate to in c/L?

kowtow

frazzledhome wrote: »

Fully covered, fixed volume to large customer. Price fixed at both ends, come what may

No hedge of futures

Ah perfect. There's no cheaper hedge than that.

So our sympathies should lie with the "large customer" on this occasion.

C0N0R

Milked out wrote: »

What does 1.20/ kg equate to in c/L?

1.20 a kg is €.71 a kg which at 8% solids its 6 cent a litre? Could be waaay wrong on that

Is that servicing interest or debt repayment? I know of people who never intend to reduce the capital of their debt just service the interest, hope land values increase/make enough money from dairy and sell up. Pay interest or pay tax is the choice.

Milked out

C0N0R wrote: »

1.20 a kg is €.71 a kg which at 8% solids its 6 cent a litre? Could be waaay wrong on that

Large amount of debt but manageable all the same hopefully for most

Mehaffey1

Cows pumping today in the morning and the afternoon today. They're in good quality grass(for now), round bales of silage and two hours grazing Fodder Beet at 2kg per cow. Also, learned an order for 100 tonnes of palm kernel has been placed and spring urea is being sorted. Gdt was up and the boss been with his woman 20 years today. New fella is getting faster at cupping since I told him to just walk backwards (ye think he would've caught on a fortnight in!)

Today has been a good day, tomorrow just has to be a disaster

Deepsouthwest

Drinagh Co-op holding price at 29c/l. We are so lucky to have so lucky to have Carbery down here in west cork. Always near the top of the pile and so much more to be thankful of.

WheatenBriar

Deepsouthwest wrote: »

Drinagh Co-op holding price at 29c/l. We are so lucky to have so lucky to have Carbery down here in west cork. Always near the top of the pile and so much more to be thankful of.

And your Co op not going broke behaving like a co op either...

18MonthsaSlave

According to news here in Germany Farmers are being paid 28.5c per litre which is more than some of the Irish Dairies pay.

blackdog1

Deepsouthwest wrote: »

Drinagh Co-op holding price at 29c/l. We are so lucky to have so lucky to have Carbery down here in west cork. Always near the top of the pile and so much more to be thankful of.

It makes a complete mockery of all these so called experts saying we should merge all our coops. Every year the small West cork coops are on top of the milk leagues.

18MonthsaSlave

So in Germany farmers are being paid 28.5 cent per litre and it is being sold in 1 litre tetra packs in supermarkets for 51 to 55 cent.
In Ireland the dairies are paying less and it is retailing at 75 cent per litre.

Never let a good crisis go to waste.

Dawggone

Sooo.
The average BASE price I'll get this year is 36.97cpl. On this thread people (with massive MS) will be hard fought to attain this.
Did anyone actually read the Teagasc document that Kowtow posted?
TBH I've new appreciation for Teagasc.

For those of you that didn't read it the synopsis goes like...The larger dairy herds can compete with the EU and the rest of the world...but the rest are phucked. That includes the 'average' family farm.
Read it please. It's what I've been bullshyting about for toooo long.
The problem is land price and scale...

18MonthsaSlave

News Report on German TV this evening talking about weidemilch which is just pasture milk. Customers are willing to pay more for it on ethical and health grounds. They only require the cows to be on pasture 120 days a year. Do Irish dairies pay a premium to producers of weidemilch?

Dawggone

18MonthsaSlave wrote: »

News Report on German TV this evening talking about weidemilch which is just pasture milk. Customers are willing to pay more for it on ethical and health grounds. They only require the cows to be on pasture 120 days a year. Do Irish dairies pay a premium to producers of weidemilch?

I had a good chat with a French neighbour that keeps 140 BA suckler cows and produces 200k Ducks a year. He was saying that the Irish beef is fabulous and it has to be so because it never goes indoors...I asked him how much time do his animals spend indoors...could be up to 100days says he!
Needless to say that I didn't bother pointing out that a 5-6month winter period is common in the whest...
Why not capitalise on a perceived advantage?

RightTurnClyde

Dawggone wrote: »

Sooo.
The average BASE price I'll get this year is 36.97cpl. On this thread people (with massive MS) will be hard fought to attain this.
Did anyone actually read the Teagasc document that Kowtow posted?
TBH I've new appreciation for Teagasc.

For those of you that didn't read it the synopsis goes like...The larger dairy herds can compete with the EU and the rest of the world...but the rest are phucked. That includes the 'average' family farm.
Read it please. It's what I've been bullshyting about for toooo long.
The problem is land price and scale...

Very true ... this is where the likes of Teagasc need to up their game. They were "forward thinking" 6 years ago when they told us quota would never be an issue again and expand away. Quota, as it turns out was an issue but they were bang on with how to expand quickly and cheaply.
They've banged the drum for the last number of years with regards grass, breeding, etc. anyone who's going to take up this advice has done so by now. They now need to move on and start giving us options for the next step. What's the plan for 5 years time. Once labour and land is maxed up,what's the plan then.

Dawggone

RightTurnClyde wrote: »

Very true ... this is where the likes of Teagasc need to up their game. They were "forward thinking" 6 years ago when they told us quota would never be an issue again and expand away. Quota, as it turns out was an issue but they were bang on with how to expand quickly and cheaply.
They've banged the drum for the last number of years with regards grass, breeding, etc. anyone who's going to take up this advice has done so by now. They now need to move on and start giving us options for the next step. What's the plan for 5 years time. Once labour and land is maxed up,what's the plan then.

There is no plan B. Expand or slowly go out of business.
Tillage has been in a world market for quite a while now and how many 100-200 acre tillage farmers do you know?

Expand, expand, expand.
The heady days are well gone. If you don't produce cheaper product, someone else will.

IMHO there is a very slim chance of a plan B but it requires a complete change of attitude of the processors. Capitalise on the perceived advantage of grass fed cows. Then the Kiwis would blow the Irish out of the water...:(