WheatenBriar wrote: » Bergin and Talbot would't care,they'd just tell the workers to take a few days off and still collect their salaries whilst ours the following month would fall as milk isnt collected Farmers cannot afford that especially now But will they be driven to it(yes) out of despair What will Glanbia do with the negative publicity? Would the people in GiiL taking no cuts survive the negative publicity of a farm family struggling to feed and clothe the kids,versus wealthy executives and board members? I'd agree the loan scheme is just finance to sustain the unsustainable Shur put up a shed lads for show and use the rest for the next few years to pay your glanbia store bill which is handily owned by the plc Win win for Siobhan Debt Debt for the farmer
patsy_mccabe wrote: » How are all you Dairy guys coping with all this pressure? Low milk prices, bad weather...it must be taking it's toll at this stage.
whelan2 wrote: » Nope all's grand here. Loads of silage. Grass is growing. OK ground is wet but we can't do anything about that. Used to it now from 2012 and 2013
whelan2 wrote: » Oh was complaining last year of all the silage bales and pit silage I was making. Fairly glad I did now
jack o shea wrote: » It's time to get some kind of media/text campaign going to boycott glanbia for all feeds and fertilisers and we will see what they make of the few ton then, the dirty shower of cuts.
blackdog1 wrote: » What I find annoying is the extra cost of feed, slightly lower yield and extra work load. Cows are happy that's the main thing though.also have to decide if I have to set maize instead of Whole crop due to the weather and it might run a little late for setting wheat.
freedominacup wrote: » They've all got to stand for election. Brendan hayes wouldn't dare show his face if didn't oppose this. He got elected on partially on the basis that there would be no kowtowing. He got re-elected despite the boards best efforts to remove him. Other areas would do well to pick people like him. There's more than one board member in it purely for the fee. Farm signed over and a grand handy number fcuking up your year. No interest in opposing anything Siobhan and Jim put in front of them. Ye know who these jokers are.Go to the information meetings and let them know what you expect and what the consequences are. Brendan hayes actually beat one of the most able men I've ever met to be elected as a board member in the co-op. An able, honest and dilligent man but he wasn't delivering in the members opinion and he got the door. Corbally is the glanbia plc boards dream appointment as chair of the co-op and plc. Wind him up and point him.in whatever direction they want. Blood on the dancefloor is what's needed, literally. Most of the meetings will be in some hotel ballroom and your board members need to be frightened. Siobhan wants her thirty million, on paper this year and next and 12 million in cash from 2018. There are some unspecified consequences if she doesn't get it but imo she needs to be called out on it. Wtf is she going to do if she doesn't get it? Throwing the toys out of the pram is as far as she can go. Time is well past for some serious hacking at the cost structure within GII. Milk price back at '09 levels wages and headcount back to the same level for starters. We'll talk more on milk price after that's done. Probably benchmark senior managers pay to milk price for starters. Their current salaries benchmarked to an average payout of around 42c. They'd be heading for a fifty percent paycut next month at that rate. Concentrate some minds.
whelan2 wrote: » Local Glanbia man here when a farmer said they were not going to buy anything more off glanbia said, if you think your few tonne will make any difference to a business like glanbia you havent a clue, arrogance at its best, On Bergin, since when is he running the whole show? If we thought Herlihy and Moloney were bad it looks like the Talbot/ Corbally combination is well worse. As per usual we just sit back and moan about it on our keyboards :cool:
jack o shea wrote: » Whelan iv dropped by 50% what I used get off glanbia and if they drop it another cent I'm finished with them 100% for feed and fert
Water John wrote: » FYI this has already happened in Dairygold country. One third of their turnover is in this sector, inputs. Fellas, decided they couldn't nail them on price so they moved that end of the business. Its hurting.
RightTurnClyde wrote: I think Belview is more complex than that. It can't be run dry and there's more to firing it up or shutting it down, than flicking a switch. Re Milkflex, I've a feeling you'll see a lot of trading accounts fixed up using Milkflex. Use it to move some troublesome debt off their books
kowtow wrote: » Dear Bank We're not allowed to use our customers milk cheques to pay off their trading accounts without permission. But you can. If you'd be kind enough to sell them a loan on condition they clear the account, well send over the rights to their future cash flows. Perhaps you could even pay us a commission on the loan? We could call it "milkflex" Love Glanbia.
freedominacup wrote: » Kt could you reprint that analogy you had between a general operative shareholder in Amazon and one of us poor fools with shares in glanbia plc if you wouldn't mind. The info meeting is tomorrow night and once I get my hands on a Mic I want some good ammo.
As far as the plc is concerned, no matter how many farmer shareholders there are, they must be "ignored" as a matter of law. When a plc board member considers their interest he / she must do so as shareholders whether they are farmers, butchers, bakers, or candlestick makers. It is always in the interest of a plc shareholder (even a farming shareholder, in so far as he is a shareholder and not a farmer) that the plc pays the lowest milk price possible. It doesn't matter whether the farmers form a majority - if they did, and if the plc paid to much for milk, even a shareholder with a single share would be able to reverse the actions of the board on the basis that they were subject to oppression. It's possible for the plc board to make an argument that not bankrupting it's farmers is in the longer term interest of all shareholders - but that is as far as it goes. Where GIIL is concerned I suspect the farmer side & the plc side are free to fight it out for there own interest - although the terms of the option on the buyout may tie some hands there. Where the (Glanbia) co-op itself is concerned the same regime applies as with any other co-operative in the country. The "margin" between the milk price the co-op side receives and what it pays out will in due course become shareholders funds. I'm not sure that we actually know how much that is or what agreement governs it, but I suspect that the margin is not great since there is an additional and specific shareholder support fund in play.
kowtow wrote: » Was it the one below, or something else I was ranting about?
atlantic mist wrote: » looking forward to dungarvan tomorrow night can beat being spoken down to for a few hours to get the blood circulating, they stopped holding meetings in east Waterford all together were not a quite bunch down here:) they segregated us into small areas for spin out funny how things change when its bad news no meal provided for us either like other venues, they know theyd only get it on their faces if they gave it to us banks are after changing tune got a call today loan being offered at 3.77 versus the 3.75 wit milk flex loan any word from any of the information meetings held?
whelan2 wrote: » Local Glanbia man here when a farmer said they were not going to buy anything more off glanbia said, if you think your few tonne will make any difference to a business like glanbia you havent a clue, arrogance at its best, :cool:
blue5000 wrote: » Jesuz reading this thread would drive up the blood pressure and I haven't milked a cow for 10 yrs. How long can lads stay milking at 20c/L? Why are our co-ops/plcs so ****e at marketing? If this keeps up in 5 years time there won't be too many dairy farmers left by (harvest) 2020.
