IFA URGES CO-OPS TO FOLLOW LAKELAND AND GLANBIA LEAD AND PASS BACK TO FARMERS MEANINGFUL AUGUST MILK PRICE INCREASES – MORE THAN 1C/L FOR SOME

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IFA URGES CO-OPS TO FOLLOW LAKELAND AND GLANBIA LEAD AND PASS BACK TO FARMERS MEANINGFUL AUGUST MILK PRICE INCREASES – MORE THAN 1C/L FOR SOME
13 Sep 2016

IFA URGES CO-OPS TO FOLLOW LAKELAND AND GLANBIA LEAD AND PASS BACK TO FARMERS MEANINGFUL AUGUST MILK PRICE INCREASES – MORE THAN 1C/L FOR SOME

Dairy

IFA President Joe Healy today said other co-ops must follow the lead of Lakeland and Glanbia, who have increased their August milk price by 1c/l and 2c/l respectively. He added that for some co-ops, including Kerry who did not increase their July milk price, and other co-ops at the low end of the Milk League, lifting the August milk price in a meaningful way would involve more than a 1c/l increase.

Joe Healy said Dairy Farm Incomes, and the need for every cent to be passed back to farmers, are the topic of a series of IFA meetings starting tomorrow in Kilkenny.

“GDT auction results, the Ornua PPI and EU spot and average quotes reported by the Milk Market Observatory have all made clear in recent months that significant milk price increases would be justified,” Mr Healy said.

“While the price increases in July and further uplifts in August will be welcomed by financially stressed farmers, they will not suffice to address their cash flow difficulties until prices start exceeding production costs and volumes increase seasonally into next year.

“Co-ops must pass back the maximum possible milk price improvements this month and beyond to help relieve the income crisis on many farms,” he said.

Mr Healy said there was also a need for Government to come forward with matching funds for the €11.1m EU aid, and to find constructive way to utilise it to help support farmers’ cash flow. “We have been engaging with the Minister and his officials on this point, but we need strong action on this now,” he said.

IFA’s first regional Dairy Farm Income meeting is scheduled for tomorrow night, Wednesday 14th September at 8pm in the Newpark Hotel, Kilkenny. It will be addressed by President Healy, Glanbia Chairman Henry Corbally, Joint Oireachtas Committee for Agriculture Chairman Pat Deering TD and IFA National Dairy Chairman Sean O’Leary. All farmers are welcome to attend.

Get full details of the IFA Regional Dairy Income Meetings

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