Milk Price III

OverRide · 12-12-2016 3:30pm

Buford T. Justice V wrote: »

How long more will they keep the co-op support, Kg?

I suspect until it dries up completely
After all it's serving three functions now,(1)the pretence of 30c/l
(2)Delaying gap repayment as base is sub 30(though it doesn't have to be paid back in winter I think)
And (3) the most important one,Subsidising Glanbia plc & Gill :rolleyes:

Keepgrowing · 12-12-2016 3:42pm

Buford T. Justice V wrote: »

How long more will they keep the co-op support, Kg?

I'd say that well must be almost dry. I was very disappointed to see it included in the text.

As I said before its time GII stood up on its 2 legs especially as the current recovery looks real.

mahoney_j · 12-12-2016 3:50pm

Keepgrowing wrote: »

I'd say that well must be almost dry. I was very disappointed to see it included in the text.

As I said before its time GII stood up on its 2 legs especially as the current recovery looks real.

That cookie jar must be nearly dry now and need replenishing ,agree on still having that coop support figure market should support that price now without support

Fixture · 12-12-2016 10:58pm

OverRide wrote: »

I suspect until it dries up completely
After all it's serving three functions now,(1)the pretence of 30c/l
(2)Delaying gap repayment as base is sub 30(though it doesn't have to be paid back in winter I think)
And (3) the most important one,Subsidising Glanbia plc & Gill :rolleyes:

GAP repayment Doesn't apply in Winter

mf240 · 12-12-2016 11:39pm

kowtow · 13-12-2016 12:10am

mf240 wrote:

Milk price three "milk harder"

Could be worse.

When I first read "milk price three" I thought it was an announcement.

whelan2 · 13-12-2016 7:09am

Any glanbia suppliers get a small lodgement from them yesterday and today? Any idea what its for?

kowtow · 13-12-2016 10:32am

whelan2 wrote:

Any glanbia suppliers get a small lodgement from them yesterday and today? Any idea what its for?

As long as it's not the Lagos office "testing the account credentials"

jaymla627 · 13-12-2016 10:47am

whelan2 wrote: »

Any glanbia suppliers get a small lodgement from them yesterday and today? Any idea what its for?

Something about a glanbia co-op society payment is coming up on mine, could it be a rebate on feed/fert I wonder

whelan2 · 13-12-2016 10:58am

jaymla627 wrote: »

Something about a glanbia co-op society payment is coming up on mine, could it be a rebate on feed/fert I wonder

Don't want to spend it until I know what it's for

ArKl0w · 13-12-2016 11:20am

There's a piece on the webpage about a rebate for feed and fert for January to October and November December would be paid later,is today's that one?

Of course if they've finally come to their senses and decided to pay us a few hundred a day every day in supply management fees,I won't complain except insist it's net of paye,prsi and USC

Keepgrowing · 13-12-2016 3:21pm

whelan2 wrote: »

Don't want to spend it until I know what it's for

It's your €7/tonne payment on your meal and fert purchased

Buford T. Justice XIX · 13-12-2016 9:49pm

Kerry rise price by 1c.

http://www.agriland.ie/farming-news/kerry-group-increases-milk-price-for-november/#

Woohoo, break out the Ferrero Rocher, they are really spoiling us:rolleyes:

Fixture · 13-12-2016 10:55pm

Keepgrowing wrote: »

It's your €7/tonne payment on your meal and fert purchased

https://www.glanbiaconnect.com/news/feed-and-fertilizer-bonuses-paid

alps · 15-12-2016 6:38pm

Are we going to have a year of fixed milk price schemes? Who is brave enough to roll the dice at current offerings?

Keepgrowing · 15-12-2016 6:43pm

alps wrote: »

Are we going to have a year of fixed milk price schemes? Who is brave enough to roll the dice at current offerings?

Announcement: Two new Fixed Milk Price Schemes are available to GII milk suppliers. Application forms available in early Jan. Details: http://bit.ly/FMPS8and9

Mooooo · 15-12-2016 6:52pm

You'd have to think aabout it anyway. Fixing a margin or chancing that it will rise above it. Not sure if I would at those prices. Would have to think a bit about it

ArKl0w · 15-12-2016 7:11pm

You couldn't really at those prices as you'd be losing on year one and who knows after that
As well as that Shur,the 5.2c in 2016 above market price Henry Corbally mentioned must be the Gii market price which as we all know was 2 to 4c BELOW the best of the rest without counting the co op subsidy which Gii or the plc didn't fund at all,we did FARCICALLY out of our own pocket

No I think anyway,the only one making money out of these schemes medium term is the corporate end of our CoOp
Every scheme they seem to come up with whether it be Gap,milk flex or whatever is designed for least impact on the plc
If you really want price certainty,you halve your capital spend on the farm,zero out off farm investments,pay your 30% average tax (or 12.5 in a company) and keep the 70% you've left for the 2 out of 5 lean years

It goes against the grain to give that kind of business advice but that's the peculiar business we're in (because we love what we do mainly)
We're the fcukee sadly with our processor being the fcuker because it is slave to the markets
That's why ,all the good will in the world amongst some board members,their hands are tied

If our forebears' who created Avonmore and Waterford had a crystal ball things might be different

Keepgrowing · 15-12-2016 7:31pm

ArKl0w wrote: »

You couldn't really at those prices as you'd be losing on year one and who knows after that
As well as that Shur,the 5.2c in 2016 above market price Henry Corbally mentioned must be the Gii market price which as we all know was 2 to 4c BELOW the best of the rest without counting the co op subsidy which Gii or the plc didn't fund at all,we did FARCICALLY out of our own pocket

No I think anyway,the only one making money out of these schemes medium term is the corporate end of our CoOp
Every scheme they seem to come up with whether it be Gap,milk flex or whatever is designed for least impact on the plc
If you really want price certainty,you halve your capital spend on the farm,zero out off farm investments,pay your 30% average tax (or 12.5 in a company) and keep the 70% you've left for the 2 out of 5 lean years

It goes against the grain to give that kind of business advice but that's the peculiar business we're in (because we love what we do mainly)
We're the fcukee sadly with our processor being the fcuker because it is slave to the markets
That's why ,all the good will in the world amongst some board members,their hands are tied

If our forebears' who created Avonmore and Waterford had a crystal ball things might be different

I take it you're not interested;)

You cannot deny the people in fixed schemes beat the market hands down in the last 2 years.

ArKl0w · 15-12-2016 7:45pm

Keepgrowing wrote: »

I take it you're not interested;)

You cannot deny the people in fixed schemes beat the market hands down in the last 2 years.

It's debatable
The fixed schemes started off bad putting lots off them so anyone who bit later got bitten back by only getting small allowances
It's not very co operative to be allocating in such a fashion
Animal farm comes to mind some co op members are more equal than others and say what one likes, in a co operative,that's not fair
Opening a new one at 30c in a rising market looks exploitary to me
You would have to either have a very negative view on the recovery or be someone in from the start who is happy with income capping as much as income flooring to accept one at 30c

Water John · 15-12-2016 7:48pm

A fairly quick measure on Phase 9 is how soon the West Cork boys pass 31.75 cent.

Keepgrowing · 15-12-2016 8:13pm

ArKl0w wrote: »

It's debatable
The fixed schemes started off bad putting lots off them so anyone who bit later got bitten back by only getting small allowances
It's not very co operative to be allocating in such a fashion
Animal farm comes to mind some co op members are more equal than others and say what one likes, in a co operative,that's not fair
Opening a new one at 30c in a rising market looks exploitary to me
You would have to either have a very negative view on the recovery or be someone in from the start who is happy with income capping as much as income flooring to accept one at 30c

So people with fixed price "did not" beat the market for the last 2 years, is that your contention?

mf240 · 15-12-2016 8:13pm

Now is not the time to fix imo.

Things can only really go one way.

mahoney_j · 15-12-2016 8:36pm

Keepgrowing wrote: »

I take it you're not interested;)

You cannot deny the people in fixed schemes beat the market hands down in the last 2 years.

I'd fix a portion in 3 year scheme ,no question

Fixture · 15-12-2016 8:38pm

mf240 wrote: »

Now is not the time to fix imo.

Things can only really go one way.

That will make interesting reading in 3 years! Reality is no one knows. How many predicted the pace of recovery since Summer?

Brexit? Trump?

I certainly don't see point in fixing in the one year scheme price as first half looks pretty certain to be decent market price anyway

mahoney_j · 15-12-2016 8:43pm

Fixture wrote: »

That will make interesting reading in 3 years! Reality is no one knows. How many predicted the pace of recovery since Summer?

Brexit? Trump?

I certainly don't see point in fixing in the one year scheme price as first half looks pretty certain to be decent market price anyway

All lads in fixed schemesfrom glanbia all along sat fairly happy this year all things considered .fixed schemes u win u loose but your protecting from the extremes .

ArKl0w · 15-12-2016 8:48pm

Keepgrowing wrote: »

So people with fixed price "did not" beat the market for the last 2 years, is that your contention?

As I said it's debatable,you'd need to peel back the layers of what portions everybody got over the years to answer that and as everyone is different in the divide and conquer style approach to these schemes ,there's no answer
My point is made simple by suggesting a base of 34 for a year neuters the effect of the bad base price year we've just endured but still leaves us looking longingly at the higher price paid by small groups in Cork and of course Strathroy

One thing is very certain ,taking this fix now at 30c would be stupid

jaymla627 · 15-12-2016 9:14pm

ArKl0w wrote: »

As I said it's debatable,you'd need to peel back the layers of what portions everybody got over the years to answer that and as everyone is different in the divide and conquer style approach to these schemes ,there's no answer
My point is made simple by suggesting a base of 34 for a year neuters the effect of the bad base price year we've just endured but still leaves us looking longingly at the higher price paid by small groups in Cork and of course Strathroy

One thing is very certain ,taking this fix now at 30c would be stupid

It's noting to get to caught up in to be fair, the amounts available will be maybe 5-10% of your supply, if you could hedge 30% plus then it would be something as theirs genuine gains/losses to be made, but the last few schemes have been noting but paper exercises given the miniscule amounts allocated

Mooooo · 15-12-2016 9:19pm

Dairygold up a cent to 28.5 c incl vat. Txt says 29 incl 0.5c quality bonus. Said already that annoys the fcuk out of me.

whelan2 · 15-12-2016 9:28pm

jaymla627 wrote: »

It's noting to get to caught up in to be fair, the amounts available will be maybe 5-10% of your supply, if you could hedge 30% plus then it would be something as theirs genuine gains/losses to be made, but the last few schemes have been noting but paper exercises given the miniscule amounts allocated

Would love to see the way the schemes are allocated. Seems to be some getting much bigger allocations than others.

mahoney_j · 15-12-2016 9:36pm

whelan2 wrote: »

Would love to see the way the schemes are allocated. Seems to be some getting much bigger allocations than others.

Lads that participated in other schemes get bigger slice ????.i don't honestly know but ifcthsts case sounds fair

whelan2 · 15-12-2016 10:04pm

mahoney_j wrote: »

Lads that participated in other schemes get bigger slice ????.i don't honestly know but ifcthsts case sounds fair

I have been in most of the schemes and the allocations I have received are very small.

jaymla627 · 15-12-2016 10:28pm

whelan2 wrote: »

Would love to see the way the schemes are allocated. Seems to be some getting much bigger allocations than others.

Their is/was messing going on with allocations I reckon, what I'd love to see is a continuation of the last scheme where 29 cent I think was offered plus whatever extra p/bf was at this level and that was it no if base price drops below a certain level our rises above another level they start taking/giving money, rather sneaky clause in the new scheme re solids where they are paid at the level of milk price at the time so when milk is low 20's your being paid low 20's rates for bf/pr but you win at higher prices.....
They just seem to love complicating these schemes, the administration costs alone for all the various schemes must be eye-watering

mf240 · 15-12-2016 10:54pm

jaymla627 wrote: »

Their is/was messing going on with allocations I reckon, what I'd love to see is a continuation of the last scheme where 29 cent I think was offered plus whatever extra p/bf was at this level and that was it no if base price drops below a certain level our rises above another level they start taking/giving money, rather sneaky clause in the new scheme re solids where they are paid at the level of milk price at the time so when milk is low 20's your being paid low 20's rates for bf/pr but you win at higher prices.....
They just seem to love complicating these schemes, the administration costs alone for all the various schemes must be eye-watering

Is that 29 cent scheme the one where the volume you got is doubled mid next year.?

mf240 · 15-12-2016 10:55pm

Fixture wrote: »

That will make interesting reading in 3 years! Reality is no one knows. How many predicted the pace of recovery since Summer?

Brexit? Trump?

I certainly don't see point in fixing in the one year scheme price as first half looks pretty certain to be decent market price anyway

Absolutely nothing certain. I suppose it's up to everyone to make the best decision they can at the time.

yewtree · 15-12-2016 10:56pm

Aurivo have latest fixed scheme out at moment, 30.5c/litre Base for 3 years up to 10% of 2015 supply, apparently not huge up take. I skipped the frist one put 10% in this time

Keepgrowing · 15-12-2016 11:01pm

whelan2 wrote: »

I have been in most of the schemes and the allocations I have received are very small.

"Most"
Anyone who took the full allocation each time could have north of 50% of their milk fixed this year.

No funny business and it's disingenuous to suggest otherwise.

I'm not sure about this new scheme but will decide when I see the full details and what the market adjusters are. People's memories are short, this time last year some would've put 100% into a scheme. There was knashing of teeth when people got small allocations for the last scheme and it wasn't 30c.

We need to forget Plc, GII and all these conspiracy theories just judge it on its relevance to our own business. 1c at 22 or 23c base is very valuable the same cent at 40 not as important.

Water John · 15-12-2016 11:07pm

Well GII have one happy customer, anyway.

darragh_haven · 15-12-2016 11:12pm

I got a tour of the Strathroy Dairy plant today. They are gearing up to be the major player in the long term. No suits walking around either. Very impressive and lean operation

OverRide · 15-12-2016 11:14pm

whelan2 wrote: »

I have been in most of the schemes and the allocations I have received are very small.

They operate them under jehovah's witnesses rules
Your allocation level is shunned because you didn't comply,acquiesce,lie down for all of them
That way there's more of the better ones for those that do comply,the yes men

pedigree 6 · 15-12-2016 11:19pm

darragh_haven wrote: »

I got a tour of the Strathroy Dairy plant today. They are gearing up to be the major player in the long term. No suits walking around either. Very impressive and lean operation

We're dry for the winter and we use our own milk when milking.
But I hate to say this but after trying out a few brands of milk, the nearest we can get to our own milk is Strathroy. So when buying now we only buy cartons with the code 224 on the back.
The others we tried were just water.:rolleyes:(and not good water)

Keepgrowing · 15-12-2016 11:23pm

Can we deal in facts here and leave the personal crap onside?

darragh_haven · 15-12-2016 11:26pm

pedigree 6 wrote: »

We're dry for the winter and we use our own milk when milking.
But I hate to say this but after trying out a few brands of milk, the nearest we can get to our own milk is Strathroy. So when buying now we only buy cartons with the code 224 on the back.
The others we tried were just water.:rolleyes:(and not good water)

I can't see how one brand pf milk differs fom another? But then again, I've almost no sense of taste

kevthegaff · 15-12-2016 11:30pm

Keepgrowing wrote:

Can we deal in facts here and leave the personal crap onside?

I'd say unlikely. But hey that's the entertainment..

Water John · 15-12-2016 11:31pm

It could do with the the way it may be homogenised. A larger fat globule would give it a diff taste.

BTW Growing, most suppliers on here to GII, take their processors actions personally, when it leaves less money in their pockets for their families.

visatorro · 15-12-2016 11:33pm

Is it wrong to classify contract milk as a fixed price iykwim? Milk all year round here. I found that I was fooked only for contract milk. That's why I never signed up for any scheme's. Talking to different lads there was varying opinions of how they got on.

Timmaay · 15-12-2016 11:36pm

visatorro wrote: »

Is it wrong to classify contract milk as a fixed price iykwim? Milk all year round here. I found that I was fooked only for contract milk. That's why I never signed up for any scheme's. Talking to different lads there was varying opinions of how they got on.

I've never signed up to a fixed price scheme, and thats part the reason, liquid is semi fixed in my view.

pedigree 6 · 15-12-2016 11:38pm

darragh_haven wrote: »

I can't see how one brand pf milk differs fom another? But then again, I've almost no sense of taste

I don't know, when you're so used to drinking your own you'll cop the difference straight away.
I suppose if it was the other way round and you were drinking a certain brand the whole time and you were offered milk from the tank you'd see a difference straight away.

As far as we can taste strathroy take nothing from the milk but the others do??

Mooooo · 15-12-2016 11:40pm

My take is if there is a buyer of the milk at a fixed price then fair enough it is what it is but if it's just an amount fixed financed by dropping regular price then it's bollix. I assume those not happy voiced there concerns at meetings or with board reps? I know I vent on here as well but it's not much good unless it's said to those involved. Kg is right first thing to do is see how it would fit in within the farm gate. Giving out here won't change much either get on to reps / boards or get involved. If enough people are vocal they'll have to listen

cute geoge · 15-12-2016 11:40pm

Went for a drop of milk this morning from the fridge for my weetabix and blast not a duck left in carton ,but spotted a small bottle that came with a mcdonalds meals a way back a month a ago stuck at back of fridge .dated use by nov28 this should be well dozed but smelled ok,took a sip ,tasted like the day it was bought but how in gods name this can be still fresh 3 weeks later

Milk Price III

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