Glanbia sets December milk price and adds bonus
Glanbia Ireland set a December milk price and has announced bonus payment on July to December supplies.

Glanbia Ireland will pay its milk suppliers 33.20c/l excluding VAT for December manufacturing milk supplies at 3.6% butterfat and 3.3% protein.

It is the second co-op to announce a milk price on Friday, with Lakeland Dairies also holding its December milk price.

Glanbia Ireland has also announced that it will pay its milk suppliers a 1.05c/l excludng VAT bonus on all milk supplied in July to December of 2017.

The bonus applies to all liquid and manufacturing milk supplies and will be included in this month’s milk payment.

This comes after a mid-year payment of 1/cl for January to June last year, bringing the total top-up payment for the year to 1.05c/l over the annual milk supply.

Milk volumes allocated to Glanbia’s Fixed Milk Price Schemes will also benefit from the flat 1.05c/l top-up payment (as the scheme prices are currently below the market price).

Targets

Glanbia Ireland chair Henry Corbally said: “We are pleased that the business met all its performance targets and is in a position to make this very significant payment to our farmers for all milk supplied in the second half of 2017."

However, current market returns are considerably lower than our milk price, therefore price adjustments would seem inevitable over the coming months.

“As a business majority owned by our farmers, we are always committed to returning the highest possible milk price to our suppliers.

“Overall, 2017 was an excellent year for our milk suppliers, with 9% more milk delivered by our farmers and a very strong average milk price,” Henry Corbally said.

Corbally also reminded farmer suppliers that Glanbia will hold a full series of regional information meetings for shareholders and suppliers over the next two weeks.

The meetings will provide a detailed briefing on the 2018 market outlook, as well as an update on business developments and Glanbia schemes and services for farmers.

Read more

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Another fall in Global Dairy Trade prices
The latest Global Dairy Trade shows a drop in the price of butter but rise in whole milk powder price.

The latest Global Dairy Trade shows a drop in the price of butter but a rise in the whole milk powder price.

The event for this week concluded with the GDT Price Index down 1.7%

The price of butter dipped 8.1% to €4,237/t, cheddar 3.3% to €3,076.38/t, skim milk powder increased 0.8% to €1,675.92/t and milk powder is up 1.5% to €2,543.40/t.

In addition, rennet casein is down 9.5%, to €3,937/t.

Simplicity at the core of Wicklow Better Farm
Brian Doran farms grassland and tillage in Co Wicklow, with a large crowd attending his farm walk.

A crowd of over 200 people attended the first of two Teagasc/ Irish Farmers Journal BETTER Farm Beef Challenge walks taking place on Brian Doran's farm just outside Carnew in Co Wicklow.

Brian is farming 43ha of grassland and 41ha of tillage. The grassland area is split into two blocks. The 32ha main block is situated around the yard, with the remaining 11ha five miles away.

Simplicity is at the core of Brian’s system, with 50 suckler cows and calves running in one block and a 55 steers and heifers running in another. All progeny are sold as steer and heifer beef.

The walk of Brian's farm includes five main stand focusing on areas and BETTER farm challenges such as herd health, breeding, grassland management, meeting the markets and dealing with the current drought and fodder problems.

The farm is no different to many farms across the country and is feeding both silage and concentrates in an effort to prolong the rotation and save what grass covers are left.

Each of the stands generated a good discussion between the audience and the speakers which included members of the Irish Farmers Journal livestock team, the BETTER farm management team and local Teagasc B&T advisors.

Here are just some of the main quotes from the day:

"Going forward, Brian's farm is capable of producing a gross margin of €1210/ha, a rise of almost €400/ha in five years” – Tommy Cox, Teagasc BETTER farm programme adviser.

“Reducing the calving spread has definitely reduced the labour on the farm. I like the black Limousin cows, lots of milk and easy calved” – Brian Doran, host BETTER farmer.

“Grazing infrastructure, soil fertility, grazing management and reseeding are the most important points of grassland management, in that order” – Hugh Mahon, Teagasc B&T adviser.

“If you are to take only one thing from today, it is that lime is the single most critical factor in soil fertility and in growing more grass” – Bob Sheriff, Teagasc B&T adviser.

“There definitely isn’t enough knowledge around the pricing grid system among farmers” – Denis Brennan, Slaney Foods

“Quality assurance is the bare minimum requirement from all our suooer market customers. It’s an absolute must for us when we are selling our beef.” – Denis Brennan, Slaney Foods

Another walk is scheduled for 5pm this evening on Brian Doran’s farm. On Thursday, the Teagasc/ Irish Farmers Journal BETTER Farm Beef challenge will head west to Nigel O’Kane's farm in Co Galway for another two BETTER Farm beef challenge walks.

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