The Irish Farmers Journal understands that a number of amendments have been made to the Glanbia plan to put a price restriction on extra milk produced during the peak months.
The initial plan involves paying farmers 30% less for additional volumes of milk over and above their reference milk volumes for the months of April, May and June.
Glanbia have previously confirmed that this could turn into a penalty if milk volumes continue to grow.
The plan was announced two weeks ago and since then there has been considerable farmer shock and anger at the news.
The board of Glanbia Ireland met on Monday to review the plan
Those with most to lose are farmers in expansion mode – many of whom have already invested in extra facilities and new entrants. New entrants are now limited to milking 100 cows.
The board of Glanbia Ireland met on Monday to review the plan. This was then followed by a meeting of the Glanbia council.
The Irish Farmers Journal understands that a number of tweaks have been made to the plan. These include;
Further clarifications and updates will be published later.