All three partners in Greenfield Farm are understood to be taking legal and financial advice about the implications of closing down the Kilkenny dairy farm project.
Glanbia Ireland, the Phelan family and The Agricultural Trust, publisher of the Irish Farmers Journal, are the three partners involved in the project. All three were advised to seek expert advice at a recent meeting of the directors of Greenfield Dairy Partners Ltd.
Both Glanbia Ireland and the Phelan family want to end the agreement 10 years into what was planned as a 15-year joint project. A formal meeting to map out the mechanism for closing down the company and terminating the lease has yet to take place.
Glanbia Ireland remains a committed advocate of the grass-based milk production system promoted by Teagasc as the optimum milk production system
Glanbia has said that it fully respects the decision of the Phelan family to return to day-to-day farming on the land used by the Greenfield Farm.
On Wednesday, Glanbia said that Greenfield Farm had successfully generated the data required to meet its original objectives and that the information generated would remain available through Teagasc.
Glanbia chair Martin Keane said: “Glanbia Ireland remains a committed advocate of the grass-based milk production system promoted by Teagasc as the optimum milk production system for the vast majority of Irish dairy farmers.”
An information day for farmers who have not visited the farm recently is planned for Tuesday 28 May from 10am.
This week, members of the Irish Farm Managers Association (IFMA) met European election candidate Andrew Doyle on the Kilkenny farm to highlight their concerns about the proposal to close Greenfield.
SHARING OPTIONS