You are here : SectorsDairyingFMPLiquid Payment Options
 

Get Connected

 

IFA information
Options

Constituents and Payment Structure

 

Notify

Move

1 Oct 2011

1 January 2012

1 Sept 2012

1 January 2013

1 Sept 2013

1 January 2014

 

Producers will have the option to move to constituents.

They will notify Glanbia by 1st September and move from the 1st of the following January.

Should a producer move they cannot go back.

Option 1 Payment for those who choose not to move

Producers who feel they need time to transfer to a solids based system his Milk is can be paid on a Hybrid model, this will transfer a portion of his milk slowly over to a constituents System as outlined below.  Their flat rate is based at 5.63cpl.

 

 

 

Portion

Payment top-up

Year

Period                 Solids

Flat 

Solids

Flat

2011

June-December

0

100%

-

See Fig. 2

2012

Q1 (Jan to March)

30%

70%

7.67cpl*

5.63

Q2,3 (April to August)

50%

50%

 

 

Q4 (Sept to Dec)

30%

70%

7.67cpl* (Oct- March)

5.63

2013

Q1 (Jan to March)

50%

50%

5.63

Q2,3 (April to August)

100%

0

 

-

Q4 (Sept to Dec)

50%

50%

7.67cpl* (Oct- March)

5.63

2014

Q1 (Jan to March)

75%

25%

5.63

From here on

100%

0

 

-

 If you do not notify your local advisor, you will be automatically on this system.

 

Option 2 Payment on Constituents

Should you choose this option you will be paid on your own farm's Butterfat and Protein for all your contract. However you will get an additional topup of 7.67cpl(flat) ontop of your individual price for October to March inclusive.

 

It is agreed that the differential annualised will be 46cpl over 6 months

 

46cpl

October

November

December

January

February

March


7.67cpl*

7.67cpl*

7.67cpl*

7.67cpl*

7.67cpl*

7.67cpl*

 

* rounded

Everyone may get paid in this manner post April 2014