Under new accounting rules, which demand companies and organisations to declare in detail their financial investments, the Dealer was interested to see Teagasc has a tidy portfolio of share investments. The details are outlined in its most recent annual report launched on Wednesday.

As at the end of December 2016, Teagasc held investments valued at €421,000 in Ireland’s leading dairy co-ops and dairy-listed plcs.

Backing big

More than half of the total investment is made up of Kerry and Glanbia shares listed on the Irish stock exchange. The semi-state body holds 14,510 shares in Glanbia plc and accounts for 54% or €229,000 of the total portfolio. It also holds 522 shares valued at €35,000 in Kerry Group plc.

Its next largest investment is in the west Cork-based Carbery Group, where it holds 7,371 shares which it values at €2.21, or €43,000 in total.

It also holds 35,733 shares in Dairygold, 14,371 shares in Glanbia Co-op, 1,715 shares in Aurivo, 24,536 shares in Wexford Milk Producers and 1,000 shares in Barryroe Co-op, all of which it values at €1/share.

On top of this it holds 87 shares in Kerry Co-op valued at €1.25/share and 104,371 shares in Lakeland valued at €0.05/share.

It has contributed €30,000 to Dairygold’s revolving fund.

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