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Milk Price- Please read Mod note in post #1

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Comments

  • #6602
    Dawggone
    Closed Accounts Posts: 6,506 ✭✭✭Dawggone


    whelan2 wrote: »
    Sure thats no problem, we all just lie down and let it happen

    Exactly.
    You are in a buyers market, and I think I may be in a sellers market...

    #grasstomilk.


    That 'slogan' is probably the biggest fcuk up you've ever made. Then again, maybe I'm wrong.

    How can there be such a price differential between us? Jockeys and horses..


    Too tired to read the thread. Sorry.


  • #6603
    Dawggone
    Closed Accounts Posts: 6,506 ✭✭✭Dawggone


    Prime Time/Today Tonight.

    Jesus Wept.


    A large dose of reality is needed. FAST!


    Christ above!


  • #6604
    atlantic mist
    Registered Users, Registered Users 2 Posts: 1,309 ✭✭✭atlantic mist


    the business model is built on cheap milk, once we lie down and accept it,:mad:

    ive gotten word from inside they are aiming for a 25 euro share price and the word is they want to achieve this at any cost, who is going to bear the cost of this irish & uk & usa suppliers of milk, grain and veg farmers, they will sell more each year, charge less selling and pay less to suppliers but keep margin for market speculators

    the plc share price rocketed when farmers reduced shareholding below the magic number, the value of the company current balance sheet in comparison to when the market is valuing it is very interesting as all valuations of the business based on market speculation rather than core assets as shown in balance sheet, coop value is half what was being spoken of in meetings as shares not open to the market so worth the value in balance sheet not market speculation at a given time when they cant be traded as we have to vote first

    us irish suppliers played our part in this huge jump in value (the people who voted knew the lads on the board representing them were no good and signaled to market we needed new people on board sacrificing our majority, wed do that if given the chance in our coop clear out the lot of them)

    Aggressive target set by management which from all the aggressive/overpaying for acquisitions to ensure they keep up their ratios for those watching markets, keep an eye on debt levels, they need to show continuous improvement can they show this without spending???


  • #6605
    darragh_haven
    Closed Accounts Posts: 3,433 ✭✭✭darragh_haven


    Dawggone wrote: »
    Prime Time/Today Tonight.

    Jesus Wept.


    A large dose of reality is needed. FAST!


    Christ above!

    I missed it. What was it about. Worth watching on the Rte player tomorrow?


  • #6606
    jack o shea
    Banned (with Prison Access) Posts: 607 ✭✭✭jack o shea


    20 cent in June, and they bragging about it already, they really are a shower of cuts, oh well let's do what we do best, drop our pants and rub in the vasoline.


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  • #6607
    alps
    Registered Users, Registered Users 2 Posts: 5,287 ✭✭✭alps


    20c/l equates to a whopping 58 pence .....


    ......



    ......



    Per gallon.....In old money...


  • #6608
    cute geoge
    Registered Users, Registered Users 2 Posts: 3,412 ✭✭✭cute geoge


    alps wrote: »
    20c/l equates to a whopping 58 pence .....


    ......



    ......



    Per gallon.....In old money...

    That cant be right
    Wait i just calculated it to 70 pence per gallon in old money
    I wonder what year was it that low price beside 2009
    i would bet early/mid 80's


  • #6609
    Dawggone
    Closed Accounts Posts: 6,506 ✭✭✭Dawggone


    WheatenBriar wrote: »
    Last month 29c at 3.3 etc from a supplier who showed me his 1 page statement

    That's a difference of ~ €7k/100klitres.

    Time to move to Strathroy.
    I asked my Coop yesterday about moving. I've to give 15 working days of notice. Definite visit of milk manager today...


  • #6610
    alps
    Registered Users, Registered Users 2 Posts: 5,287 ✭✭✭alps


    cute geoge wrote: »
    That cant be right
    Wait i just calculated it to 70 pence per gallon in old money
    I wonder what year was it that low price beside 2009
    i would bet early/mid 80's

    Sorry you're dead on 71.5...


  • #6611
    whelan2
    Registered Users, Registered Users 2 Posts: 30,807 ✭✭✭✭whelan2


    Dawggone wrote: »
    That's a difference of ~ €7k/100klitres.

    Time to move to Strathroy.
    I asked my Coop yesterday about moving. I've to give 15 working days of notice. Definite visit of milk manager today...
    We only have to give 3 years notice of moving, 2 years after signing the msa:cool: I wonder if enough farmers pull together can the msa be dumped?


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  • #6612
    mahoney_j
    Registered Users, Registered Users 2 Posts: 11,728 ✭✭✭✭mahoney_j


    whelan2 wrote: »
    We only have to give 3 years notice of moving, 2 years after signing the msa:cool: I wonder if enough farmers pull together can the msa be dumped?

    Only one way to find out whelan ,there's enough disgruntled suppliers here and on twitter ,could be an idea to get a few private messages going try form a group ,meet up and discuss tactics .be careful though Glanbia are seemingly monitoring social media!!!!!.


  • #6613
    freedominacup
    Registered Users, Registered Users 2 Posts: 7,920 ✭✭✭freedominacup


    mahoney_j wrote: »
    Only one way to find out whelan ,there's enough disgruntled suppliers here and on twitter ,could be an idea to get a few private messages going try form a group ,meet up and discuss tactics .be careful though Glanbia are seemingly monitoring social media!!!!!.

    I sent the contents of dawgs post re baby powder to ten suppliers yesterday. Response was hugely underwhelming. It's easy to hose suppliers who lie down and take it.


  • #6614
    Dawggone
    Closed Accounts Posts: 6,506 ✭✭✭Dawggone


    Dawggone wrote: »
    That's a difference of ~ €7k/100klitres.

    Time to move to Strathroy.
    I asked my Coop yesterday about moving. I've to give 15 working days of notice. Definite visit of milk manager today...

    As predicted, milk manager called...

    Made me an offer I couldn't refuse...

    Not the horses head in the bed kinda offer!!


  • #6615
    keep going
    Closed Accounts Posts: 3,551 ✭✭✭keep going


    we had our meeting yesterday and im sorry to say but dairy markets are in s%%t.this is getting worse and worse and 20 cent a litre is coming into view without it being there yet.you can storm the boardroom,hang the chief executive and take over the plant but when you go to sell your ton of cheese you ll still only get 2150 a ton and its the same for all products.first scheme of interventionin smp. of 109 k tons is full and the second is nearly half full and im not sure whats going to happen then.west cork held but theres big drops ahead as an existing contract finishs now and the new one is at least 3 cent lower and could be more but we may be able to mitigate it


  • #6616
    mahoney_j
    Registered Users, Registered Users 2 Posts: 11,728 ✭✭✭✭mahoney_j


    freedominacup wrote: »
    I sent the contents of dawgs post re baby powder to ten suppliers yesterday. Response was hugely underwhelming. It's easy to hose suppliers who lie down and take it.

    Not surprised free ,some of us farmers Are great to talk and type stuff here and elsewhere but when it comes to making real effort and pushing an agenda like this we are sheep and the likes of Glanbia know that .axrecent example id use where real action was took and real results were achieved is in my own coop where a disgruntled group met took action forced decisions from management and cruically backed there decision to jump ship to another coop .our board and management got the kick in the ass they needed and had to take action to stop a mass exodus .result been a very strong milk price and improved coop performance since .unfourtnstely for guys that left to 2 rival coops they have been a long way shy of our base price since and its the rest of suppliers that staid have reaped the benefits


  • #6617
    whelan2
    Registered Users, Registered Users 2 Posts: 30,807 ✭✭✭✭whelan2


    When at Glanbia meeting last year we were told Glanbia are committed to their part of the msa and they hoped we would keep to ours. Are they keeping to their side of the agreement?


  • #6618
    milkprofit
    Registered Users, Registered Users 2 Posts: 1,168 ✭✭✭milkprofit


    whelan2 wrote: »
    When at Glanbia meeting last year we were told Glanbia are committed to their part of the msa and they hoped we would keep to ours. Are they keeping to their side of the agreement?

    Heads should roll something wrotten in GLANBIA when biggest processer pays worst price


  • #6619
    Farmer Ed
    Banned (with Prison Access) Posts: 4,617 ✭✭✭Farmer Ed


    milkprofit wrote: »
    Heads should roll something wrotten in GLANBIA when biggest processer pays worst price

    In fairness that honour goes to Dairygold. But gill are definitely ins the title race.


  • #6620
    Timmaay
    Registered Users, Registered Users 2 Posts: 11,392 ✭✭✭✭Timmaay


    Think I'm gonna sign outa boards for afew weeks ha, none of this doom and gloom doing my head anygood 2bh.


  • #6621
    whelan2
    Registered Users, Registered Users 2 Posts: 30,807 ✭✭✭✭whelan2


    Timmaay wrote: »
    Think I'm gonna sign outa boards for afew weeks ha, none of this doom and gloom doing my head anygood 2bh.
    Whatever you do dont go to an IFA meeting, feck sake depression on a major scale


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  • #6622
    WheatenBriar
    Closed Accounts Posts: 3,170 ✭✭✭WheatenBriar


    Timmaay wrote: »
    Think I'm gonna sign outa boards for afew weeks ha, none of this doom and gloom doing my head anygood 2bh.

    Eh don't do that now you have a 4G smartphone,you'll end up looking for other uses for it like that movie I streamed once 'catholic high school girls in trouble'
    Its a slippery slope :D


  • #6623
    bogman_bass
    Registered Users, Registered Users 2 Posts: 5,160 ✭✭✭bogman_bass


    WheatenBriar wrote: »
    Eh don't do that now you have a 4G smartphone,you'll end up looking for other uses for it like that movie I streamed once 'catholic high school girls in trouble'
    Its a slippery slope :D

    Why were they in trouble? did they forget their homework? Were they late for mass?


  • #6624
    alps
    Registered Users, Registered Users 2 Posts: 5,287 ✭✭✭alps


    mahoney_j wrote: »
    Not surprised free ,some of us farmers Are great to talk and type stuff here and elsewhere but when it comes to making real effort and pushing an agenda like this we are sheep and the likes of Glanbia know that .axrecent example id use where real action was took and real results were achieved is in my own coop where a disgruntled group met took action forced decisions from management and cruically backed there decision to jump ship to another coop .our board and management got the kick in the ass they needed and had to take action to stop a mass exodus .result been a very strong milk price and improved coop performance since .unfourtnstely for guys that left to 2 rival coops they have been a long way shy of our base price since and its the rest of suppliers that staid have reaped the benefits

    Many farmers owe these guys a debt of gratitude....brave and decisive, 2 traits that management don't normally have to deal with...
    Hope things go well for them long term.....It will because they will decide that it will


  • #6625
    freedominacup
    Registered Users, Registered Users 2 Posts: 7,920 ✭✭✭freedominacup


    keep going wrote: »
    we had our meeting yesterday and im sorry to say but dairy markets are in s%%t.this is getting worse and worse and 20 cent a litre is coming into view without it being there yet.you can storm the boardroom,hang the chief executive and take over the plant but when you go to sell your ton of cheese you ll still only get 2150 a ton and its the same for all products.first scheme of interventionin smp. of 109 k tons is full and the second is nearly half full and im not sure whats going to happen then.west cork held but theres big drops ahead as an existing contract finishs now and the new one is at least 3 cent lower and could be more but we may be able to mitigate it

    Explain the post above your one so kg. Management in dairy processors are well capable of spinning figures any direction they want to suit their purposes. If they wanted new processing investment they'd use the same figures to show farmer board members how the new investment was the only option.


  • #6626
    Dawggone
    Closed Accounts Posts: 6,506 ✭✭✭Dawggone


    freedominacup wrote: »
    Explain the post above your one so kg. Management in dairy processors are well capable of spinning figures any direction they want to suit their purposes. If they wanted new processing investment they'd use the same figures to show farmer board members how the new investment was the only option.

    If you're referring to my post Free, money wasn't offered. I can't say more than that...


  • #6627
    Farmer Ed
    Banned (with Prison Access) Posts: 4,617 ✭✭✭Farmer Ed


    freedominacup wrote: »
    Explain the post above your one so kg. Management in dairy processors are well capable of spinning figures any direction they want to suit their purposes. If they wanted new processing investment they'd use the same figures to show farmer board members how the new investment was the only option.

    They even got some to believe that these plants were state of the art used only for making infant formula. The board members didn't even seem to be able to grasp that infact these new overly priced plants would just be used to turn milk in to powder and store it until they could find someone to buy it.
    The one bit missing from the plan was A could they sell this powder and B would the plan be viable for the farmer supplying the milk.


  • #6628
    mf240
    Registered Users, Registered Users 2 Posts: 4,890 ✭✭✭mf240


    The only thing Glanbia are worried about is share price.

    Perhaps it might be prudent to point out to them that a bunch of disgruntled farmers protesting outside their creamerys featured on the nine o clock news wouldn't be good for share price.

    Perhaps they might be able to find a couple of cent a litre somewhere.


  • #6629
    Dawggone
    Closed Accounts Posts: 6,506 ✭✭✭Dawggone


    If price does drop to 20cpl for say 12 - 18 months...would you return to quota if it brought price to 30cpl?

    Just asking.


  • #6630
    keep going
    Closed Accounts Posts: 3,551 ✭✭✭keep going


    freedominacup wrote: »
    Explain the post above your one so kg. Management in dairy processors are well capable of spinning figures any direction they want to suit their purposes. If they wanted new processing investment they'd use the same figures to show farmer board members how the new investment was the only option.
    yeah but thats like the fella that comes down the yard selling you x or y,its you that has to suck the numbers up if you want to.as i said you can say what you like about anybody on boards or management but the price of end product aint going to change in the current climate.


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  • #6631
    alps
    Registered Users, Registered Users 2 Posts: 5,287 ✭✭✭alps


    Dawggone wrote: »
    If price does drop to 20cpl for say 12 - 18 months...would you return to quota if it brought price to 30cpl?

    Just asking.

    Leasing or buying quota looks cheap now when you look at it when the quota went we just added the lease price onto the rental price of the ground and we're paying the full amount anyway.. .


This discussion has been closed.
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