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Ex97
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Re: Leaving United?


Co-op rules (please correct me if I'm wrong) dictate that shares have a value of £1.

Are both offering the same deal? For how long will they maintain the 2p premium?

6/5/2012, 21:09 Link to this post PM via Email   PM via Forum
 
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Ex96
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Re: Leaving United?


I've only spoken with Lakeland so far, they've been 2p ahead of united on average for a full year now (as printed in the IFJ) dunno what FMT are offering yet. Seemingly Glanbia are guaranteeing NOT going below 24ppl!



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Farming is the oldest JOB in the world, too many people seem to have it confused with the oldest PROFESSION!
7/5/2012, 0:07 Link to this post PM via Email   PM via Forum
 
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N/C
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Re: Leaving United?


Having only just joined this website I found your comments interesting to say the least! United have served our farm very well over the years and are in the strange position of having their milk price set by what other bidders will give at their auction. With reference to Lakeland, they seem to be keen for milk to fill a new dryer but with powder currently only returning 21-22ppL according to this weeks IFJ can they sustain paying more than its worth?

Also keen to find out what your thoughts are on the predictions of 50% increase in milk in the South of Ireland after quotas go? Will this disadvantage northern suppliers of southern co-ops?
11/5/2012, 13:38 Link to this post PM via Email   PM via Forum
 
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Ex96
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Re: Leaving United?


The predicted increase in Southern milk is something that concerns me too, however I'm being told that it will be generally self regulating with alot of older guys ducking out.

I'm not so sure about United serving us so well, generally paying less than their competitors and charging more for haulage, testing, ect, ect.

---
Farming is the oldest JOB in the world, too many people seem to have it confused with the oldest PROFESSION!
11/5/2012, 22:38 Link to this post PM via Email   PM via Forum
 
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Ex97
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Re: Leaving United?


The market is self-regulating at the moment, and its not much fun for farmers.

Old guys just keep going. Many have low levels of drawings, relatively low expectations, only very basic farm reinvestment going on and often no borrowings. They don't farm for wealth, and so are surprisingly hard to knock out. The milk price required to bring them to a halt will severely affect you and me.

Generally, farms in Northern or Southern Ireland require a stronger market signal to control production than is required in England. And if that is what is needed to kerb this irresponsible target increase, then you can bet we will get it. We need to be in as strong and secure a position as possible when it happens. Ironically, United is likely to be one of the few processors not anticipated to be flooded with extra milk. And we all know processors love nothing more than a plentiful supply of surplus milk that they can price accordingly.





12/5/2012, 10:43 Link to this post PM via Email   PM via Forum
 
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EX93
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Re: Leaving United?


FOAF, don't know if the moves that Ballyrashane are doing are of any concequence with you. They are making big talk about price over United and bonuses etc but not really anything to make your heart race, and they also made the investment in the bio-digester which will be interesting to see how it goes.
12/5/2012, 20:39 Link to this post PM via Email   PM via Forum
 
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Ex97
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Re: Leaving United?


I have not been approached, and have not heard of them inquiring in my area.

I wonder if any of these offers are put in writing, and over a long enough period to make them attractive?

Last edited by FiringOnAllFour, 12/5/2012, 22:56
12/5/2012, 22:45 Link to this post PM via Email   PM via Forum
 
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Ex97
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Re: Leaving United?


Apparently, +70% of members that have left United have ceased milk production. And rather curiously, there examples of suppliers of other creameries who had originally left United are now clearly dissatisfied and moving on to new creameries.
16/5/2012, 21:55 Link to this post PM via Email   PM via Forum
 
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GP81
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Re: Leaving United?


You must have been at the United stand at the show yesterday FOAF, one of the United men mentioned that 'nugget' in a conversation with me and my father too.
There seemed to be some concern over the next auction as well, what with the latest Fonterra result being down ~10%, the pound's relative strength and the local supply still around peak. There have been txt messages floating about warning of a result in the 18-19 pence region, whilst mentioning Fane Valley offering 28 pence to July.
17/5/2012, 10:05 Link to this post PM via Email   PM via Forum
 
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Ex97
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Re: Leaving United?


FVs price is inextricably linked to the auction for starters. As for the short-term premia they offer as an enticement to non-United farmers, I couldn't say.

Don't know about your area, but up here is going well off peak now, assisted by the awful conditions. Theres no doubt that currencies are plain scary at the moment. Fonterra dropped again, but that was butter and powder, cheese holding firm. The next auction surely won't be good, but we may see a repeat of last month with dale farm leading with strong bidding (given the real value of commodities). Its worth noting that the cheap English milk has dried up, as many here will be pleased to know.



17/5/2012, 17:17 Link to this post PM via Email   PM via Forum
 


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