Glanbia's new winter milk ,liquid contract Scheme

GrasstoMilk · 27-11-2018 9:06am

whelan2 wrote: »

It's really make your mind up time. Still waiting on the letter we were to get last week. Time is moving on. 4 cows bulling here this morning....

It was the same last year. Letters sent out Christmas week saying the current winter milk scheme was ending, and you jasbt much time to decide because cows needed serving

whelan2 · 27-11-2018 9:08am

GrasstoMilk wrote: »

It was the same last year. Letters sent out Christmas week saying the current winter milk scheme was ending, and you jasbt much time to decide because cows needed serving

It's glanbias biggest fault. Lack of communication with the farmer on the ground. These letters should have been sent out months ago. Think we are in year 3 or 4 of the uht scheme here and we have had no written communication from glanbia yet

GrasstoMilk · 27-11-2018 9:25am

whelan2 wrote: »

It's glanbias biggest fault. Lack of communication with the farmer on the ground. These letters should have been sent out months ago.

I would reckon with the winter milk scheme it's fmp playing hard ball trying to get the best deal for farmers. The exit scheme is very good I would think

whelan2 · 27-11-2018 9:39am

GrasstoMilk wrote: »

I would reckon with the winter milk scheme it's fmp playing hard ball trying to get the best deal for farmers. The exit scheme is very good I would think

We got a text in October I think saying a deal was done. It has taken this long to communicate with the producer

whelan2 · 29-11-2018 8:27pm

Had farm services man out today. They want to know by the end of December if you're exiting winter milk

stretch film · 29-11-2018 8:56pm

whelan2 wrote: »

Had farm services man out today. They want to know by the end of December if you're exiting winter milk

It's a good while since our presentation by fmp but I thought Feb was the date mentioned.
Did anyone make it to Naas last night.

whelan2 · 29-11-2018 10:40pm

stretch film wrote: »

It's a good while since our presentation by fmp but I thought Feb was the date mentioned.
Did anyone make it to Naas last night.

He said they'd like to know if you're exiting winter milk by the end of December. Was also going on about shares.... Deadline for them is next Friday

Mortelaro · 29-11-2018 11:19pm

Be a good idea to ASK then
If they want an answer...
That's generally how it works

whelan2 · 04-12-2018 8:46pm

Anyone get the letter yet? Time is moving on

stretch film · 06-12-2018 2:58pm

whelan2 wrote: »

Anyone get the letter yet? Time is moving on

Letter in post this morning .
Didn't study it v much .
2 booklets and an exit form☺ðŸ˜¯

whelan2 · 11-12-2018 1:59pm

Just reading the small print in the booklets I got last week. In the event that the exit programme is over subscribed, exiting suppliers will be prioritised on a number of criteria. No mention of what the criteria are.... Also glanbia will compensate suppliers that have exited liquid milk production in 2016, 2017 and 2018. These suppliers can have transferred to creamery or retired. The exit compensation payment is €15/day litre. Didn't hear any mention of this previously. Also does anyone know what a seasonality premium is?

Mooooo · 11-12-2018 2:59pm

Should yer milk managers or equivalent not be able to explain it?

whelan2 · 11-12-2018 3:12pm

Mooooo wrote: »

Should yer milk managers or equivalent not be able to explain it?

Have been at a meeting and milk manager has been out. I only saw these points today when reading the booklet at dinner time.

Mortelaro · 11-12-2018 11:09pm

The seasonality premium is the premier winter bonus
It's a legacy scheme from the days of premier dairies
It stems from when premier used sell it's surplus milk to what is now Diageo
In the late 90"s it was fixed for every supplier in a reference year amount
Anyone big into winter milk that year had all their surplus milk converted to the premier winter bonus so would since then have a large pool of milk in this aswell as a liquid contract supply
These got the same premium as liquid contract

In the exit scheme if the premier bonus pool is higher than liquid you get paid on that but not both
In the lmsa scheme your initial Autumn contract supply will be the sum of both which you can increase by 22.9%
More dependent on enough exiting liquid
That's my understanding
Its a very very good scheme
Kudos Glanbia

ANYONE thinking of restructuring should be aware that there won't be another one for at least 10 years it seems and you won't be able to trade your existing new contract EXCEPT to a family member if continuing in liquid and entering the lmsa

whelan2 · 20-02-2019 2:53pm

I hear exit agreements have came out topeople last week with much smaller figures than agreed with Glanbia . There's uproar about it and could sink the whole deal. It seems this years 2018/19 liquid milk payment before the exit has been deducted from the final figure, no explanation. Bear in mind lads have held off serving cows and will have no fresh cows now in the autumn, they must feel screwed...

Timmaay · 20-02-2019 5:00pm

whelan2 wrote: »

I hear exit agreements have came out topeople last week with much smaller figures than agreed with Glanbia . There's uproar about it and could sink the whole deal. It seems this years 2018/19 liquid milk payment before the exit has been deducted from the final figure, no explanation. Bear in mind lads have held off serving cows and will have no fresh cows now in the autumn, they must feel screwed...

Only posted mine yday ha.

Mortelaro · 20-02-2019 8:14pm

It's not good
Basically in the print outs given to all liquid producers,they added your normal January to October liquid payments onto the exit figure
That shouldn't have been done as it amounted to 1000's or 10's of 1000's extra in the exit compensation total

Worse it was the figure some were told they'd get by the glanbia advisors without clarification because it wasn't even explained to the advisors properly

Worded by a non farming team,what would you expect?
It's sh1t is hitting the fan at the moment and yeah it does have the potential to topple the scheme as some may back out

visatorro · 20-02-2019 9:20pm

whelan2 wrote: »

I hear exit agreements have came out topeople last week with much smaller figures than agreed with Glanbia . There's uproar about it and could sink the whole deal. It seems this years 2018/19 liquid milk payment before the exit has been deducted from the final figure, no explanation. Bear in mind lads have held off serving cows and will have no fresh cows now in the autumn, they must feel screwed...

As one neighbour said to me, it's glanbia there will be a sting!
I didn't send in any form yet anyway!

whelan2 · 20-02-2019 9:27pm

visatorro wrote: »

As one neighbour said to me, it's glanbia there will be a sting!
I didn't send in any form yet anyway!

I am looking for my form at the minute:pac:

whelan2 · 20-02-2019 10:09pm

Where do you post the form to? Local milk office? Can't find an envelope that might have come with it and can't see it written on any of the forms

whelan2 · 07-03-2019 12:10pm

Has anyone gotten their payment yet, neighbour was on to me this morning. He said one of the conditions was payment would be made within 7 days of them receiving signed contract. It will be 14 days tomorrow or 10 working days. He's really waiting on this money

stretch film · 07-03-2019 1:16pm

whelan2 wrote: »

Has anyone gotten their payment yet, neighbour was on to me this morning. He said one of the conditions was payment would be made within 7 days of them receiving signed contract. It will be 14 days tomorrow or 10 working days. He's really waiting on this money

Was the discrepancy ,you mentioned before ,sorted.
Admin error no doubt .

Buford T. Justice XIX · 07-03-2019 1:36pm

stretch film wrote: »

Was the discrepancy ,you mentioned before ,sorted.
Admin error no doubt .

Isn't it funny how Admin error never pays early or more than is due?:)

whelan2 · 07-03-2019 3:13pm

stretch film wrote: »

Was the discrepancy ,you mentioned before ,sorted.
Admin error no doubt .

The discovery that Glanbia added people's current liquid milk sales into prop up the exit figure was indeed correct. Some lads are down thousands and in some cases tens of thousands on the original exit figure
Indeed another kick in the teeth is some lads have been informed after their signed contract has been sent in that glanbia are using their liquid milk payment to offset their trading accounts. How can this be fair? . Anyone relying on the money would be fairly sick after that move

jaymla627 · 07-03-2019 3:47pm

whelan2 wrote: »

The discovery that Glanbia added people's current liquid milk sales into prop up the exit figure was indeed correct. Some lads are down thousands and in some cases tens of thousands on the original exit figure
Indeed another kick in the teeth is some lads have been informed after their signed contract has been sent in that glanbia are using their liquid milk payment to offset their trading accounts. How can this be fair? . Anyone relying on the money would be fairly sick after that move

It would be handier deal with travelers then them at this stage, at least you know where you’d stand

moneyheer · 07-03-2019 8:06pm

whelan2 wrote: »

stretch film wrote: »

Was the discrepancy ,you mentioned before ,sorted.
Admin error no doubt .

The discovery that Glanbia added people's current liquid milk sales into prop up the exit figure was indeed correct. Some lads are down thousands and in some cases tens of thousands on the original exit figure
Indeed another kick in the teeth is some lads have been informed after their signed contract has been sent in that glanbia are using their liquid milk payment to offset their trading accounts. How can this be fair? . Anyone relying on the money would be fairly sick after that move

Not being smart but when was life ever fair! One way to get back at glanbia ( for the want of a better word) is don't buy feed or fertiliser off them. It might make them realize that they can't treat us like dirt and get away with it!

whelan2 · 07-03-2019 8:40pm

moneyheer wrote: »

Not being smart but when was life ever fair! One way to get back at glanbia ( for the want of a better word) is don't buy feed or fertiliser off them. It might make them realize that they can't treat us like dirt and get away with it!

Was a bit hard for lads not to deal with them in fairness during the drought, with their over generous credit limits

moneyheer · 07-03-2019 9:25pm

whelan2 wrote: »

moneyheer wrote: »

Not being smart but when was life ever fair! One way to get back at glanbia ( for the want of a better word) is don't buy feed or fertiliser off them. It might make them realize that they can't treat us like dirt and get away with it!

Was a bit hard for lads not to deal with them in fairness during the drought, with their over generous credit limits

True enough, but there's no such thing as a free lunch, especially when your dealing with Glanbia, you usually end up paying through the nose.

Timmaay · 07-03-2019 10:38pm

moneyheer wrote: »

Not being smart but when was life ever fair! One way to get back at glanbia ( for the want of a better word) is don't buy feed or fertiliser off them. It might make them realize that they can't treat us like dirt and get away with it!

I agree however the problem is glanbias loyalty bonus is now making it economically more difficult not to deal with them, basically they are coming in at a similar price to my two local merchants for feed and fert, however if I buy it all from Glanbia then I will get a 4k loyalty payment the end of the year.

The other frustration is to receive this liquid exit payment I have to sign up another MSA until the end of 2022, so it's reducing my bargaining power with Glanbia to move to another processor if I did decide to.

Mortelaro · 07-03-2019 11:19pm

Timmaay wrote: »

I agree however the problem is glanbias loyalty bonus is now making it economically more difficult not to deal with them, basically they are coming in at a similar price to my two local merchants for feed and fert, however if I buy it all from Glanbia then I will get a 4k loyalty payment the end of the year.

The other frustration is to receive this liquid exit payment I have to sign up another MSA until the end of 2022, so it's reducing my bargaining power with Glanbia to move to another processor if I did decide to.

The 0.75 cent 'loyalty' is still less than Strathroy ,so you are not the winner there

Regarding the MSA,that needs to be brought to the consumer and competition authority
One of the board members was according to a previous thread here involved in a law firm that drafted one up
He'd be obliged to recuse himself from the investigation
5 year terms are too long in my opinion and unhealthy from a competion point of view
I'd imagine the CCPA could reduce them to a more reasonable 3 year period

whelan2 · 08-03-2019 10:43am

Timmaay wrote: »

I agree however the problem is glanbias loyalty bonus is now making it economically more difficult not to deal with them, basically they are coming in at a similar price to my two local merchants for feed and fert, however if I buy it all from Glanbia then I will get a 4k loyalty payment the end of the year.

The other frustration is to receive this liquid exit payment I have to sign up another MSA until the end of 2022, so it's reducing my bargaining power with Glanbia to move to another processor if I did decide to.

I buy feed from 4 different suppliers. I price before I buy. Glanbia very rarely are cheapest. Now the loyalty bonus is grand but if you're being charged interest on overdue accounts at the crazy credit limit they have the 4k wouldn't be long getting swallowed up. That plus the initial extra outlay makes it most important to shop around. I can never understand lads buying feed or fertiliser off the one crowd and not even asking for a price beforehand.

moneyheer · 08-03-2019 11:57am

Got cash price for fert off Glanbia,
Urea €385
18/6/12+s€412
Gran lime €175.
Priced the same in local merchants prices €10-€15 a ton in favour of the merchant on all of above. So it's easy for Glanbia giving loyalty bonus when you are paying for it yourself

Timmaay · 08-03-2019 12:45pm

moneyheer wrote: »

Got cash price for fert off Glanbia,
Urea €385
18/6/12+s€412
Gran lime €175.
Priced the same in local merchants prices €10-€15 a ton in favour of the merchant on all of above. So it's easy for Glanbia giving loyalty bonus when you are paying for it yourself

390 for 18 6 10+s, with a protected urea as the form of N, from Glanbia, I thought that was a decent price. And yep agreed with Whelan, defo price around, last yr Glanbia were sometimes 20/30e a ton more expensive for feed and fert, but the last 2/3 months they are coming in largely the same.

moneyheer · 08-03-2019 3:05pm

The prices I got for the fertiliser are one maybe two weeks old at most.

Glanbia's new winter milk ,liquid contract Scheme

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