Farmers Journal weekly podcast: Agribusiness Report launch and Balmoral voices
Listen to extracts from the panel discussion on the marketing of Irish food at the launch of the annual Agribusiness Report and an update on Irish Country Living's supermarket price watch.

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At the launch of the annual Agribusiness Report published by the Irish Farmers Journal in association with KPMG, Today FM's Matt Cooper moderated a discussion between Tesco Ireland's commercial director John-Paul O'Reilly, Google's head of Northern Europe Shane Holland and Channel 4 economics editor Paul Mason.

Listen to selected extracts from their conversation on the future marketing of Ireland's food production or watch a video of the entire event here.

The Irish Farmers Journal also held a business briefing at the Balmoral Show, where Northern Ireland correspondent talked to Owen Brennan, executive chairman of the Belfast-based animal nutrition company Devenish.

Staying at the Balmoral Show, Irish Farmers Journal reporter Thomas Hubert talked to Mike Fraser, a Northern Ireland farmer determined to restore the Dexter breed to its former glory.

Finally, Irish Country Living's consumer editor Ciara Leahy tells Roisin Healy about the trends emerging from four years of price monitoring across Ireland's supermarkets.

Listen to each item separately:

Missed the previous episodes of the podcast? Catch up below!

Balmoral Show special - Irish Farmers Journal business briefing

Episode 7 - 13 May 2015: Spring breeding and focus on Northern Ireland

Episode 6 - 6 May 2015: Weather, fertilisers, blogger and harvesters

Episode 5 - 29 April 2015: New beef scheme and blackcurrant rebirth

Episode 4 - 22 April 2015: Farm safety and crop growth update

Episode 3 - 15 April 2015: GLAS, Ornua results and social welfare entitlements

Episode 2 - 8 April 2015: Markets for Irish beef

Episode 1 - 31 March 2015: End of milk quotas

Arrabawn holds December milk price
The processor is the most recent to announce that its milk price will be unchanged.

Arrabawn has decided to hold its price for December milk at 30.6c/l excluding VAT.

The price has remained unchanged for several months.

Most co-ops opted to leave milk prices unchanged for December.

Dairygold

Dairygold announced that it will hold their December milk price at 30.36c/l excluding VAT.

The price is inclusive of a 0.5c/l quality bonus based on standard constituents of 3.3% protein and 3.6% butterfat.

The co-op has also held this price for several months.

Lakeland Dairies, Glanbia and Kerry Group held their price at 30.4c/l (excluding VAT) for December milk supplies.

Read more

Dairygold holds December milk price

Aurivo and Carbery set milk prices for December

The farmer's daily wrap: low-cost loans and BDGP map
Check out the latest headlines and get a look ahead at tomorrow's weather forecast.

Weather forecast

A status yellow nationwide snow and ice warning is in place from 7pm Monday 21 January until 9pm the following day.

According to Met Éireann, hill and mountain areas are expected to be the worst affected.

Frost and ice are predicted and temperatures will dip to -1°C, with fresh winds.

In the news

  • Minister Creed has said some 2,511 farmers are yet to pass the approval process for their BDGP payment.
  • Vets have criticised the Department’s level of action in the run-up to Brexit.
  • Grant funding of up to €25,000 is available to farmers participating in GLAS to restore traditional farm buildings and structures.
  • Farmers will have to draw down a minimum of €50,000 to access the next low-cost loan scheme.
  • Social Farming is set to double the number of its farmer participants from 60 to 120, according to its annual report.
    Minimum €50,000 draw-down for low-cost loans
    Farmers will have to draw down a minimum of €50,000 to access the next low-cost loan scheme.

    The Strategic Banking Corporation of Ireland (SBCI) has confirmed details of the Future Growth Loan Scheme, including that farmers will have to apply for a minimum of €50,000 to avail of the scheme.

    The long-awaited low-cost loan scheme will offer eligible businesses and farmers loans at an interest rate of 4.5% or less.

    The maximum draw down is €3m and the loans are for terms of between eight and 10 years.

    Banks have been invited to apply to distribute the new low-cost loan scheme, with Bank of Ireland, AIB and Ulster Bank all having previously expressed interest in taking part in the scheme.

    Loans in March

    Up to €300m is available under the scheme, which is being developed in conjunction with the SBCI, the Department of Agriculture and the Department of Business.

    Minister for Business Heather Humphreys previously told the Irish Farmers Journal that she hopes to see the loan scheme fully operational by March this year.

    Financial institutions have until 11 February to submit their applications to become lending partners.

    Previous scheme

    Under the previous low-cost loan scheme, the interest rate was set at 2.95%, with loan terms available between 18 months and three years.

    A total fund of €150m was available, with roughly €145m drawn down by farmers. By October last year, some €47.5m had been repaid.

    Read more

    Listen: low-cost loans to land in March

    Where is the low-interest loan fund?