In this week’s Irish Farmers Journal, we report that Kerry Co-op is weighing up its options regarding how much of a contribution farmer milk suppliers may be asked to put in to the proposed joint venture in Kerry Group’s primary dairy business.
While nothing has been signed off by the board of Kerry Co-op, speculation in recent days suggests farmer milk suppliers could be asked to contribute as much as €180m by either ‘sharing up’ in the new entity or paying money into a revolving fund.
In a special podcast, the Irish Farmers Journal’s Lorcan Allen and Jack Kennedy chat through these funding options. They also discuss the legal position for shareholders who want to see the joint venture proposal put to a vote of milk suppliers.
You can listen for FREE here: