The IFA Dairy Committee has completed a new milk price analysis.
The Chairman of the Committee Stephen Arthur said the purpose of this analysis is to allow farmers to compare prices paid by milk processors on a like-for-like basis.
“The analysis, completed by the Committee with our Senior Dairy Policy Executive Aine O’Connell, demonstrates the revenue a spring calving herd, with average monthly milk solids, would generate. It compares 11 milk processors across the country for 2019 and 2020”.
Using actual monthly milk statements provided to IFA by members, the analysis ranks processors in order of the annual income that would be generated, adjusted for milk constituents.
“We believe the analysis will provide more price transparency, and we plan to publish it on an annual basis,” he said.
IFA will hold an online information meeting on the analysis this Thurs, April 29th, at 8.30 pm. You can register for the meeting here.
The meeting will update farmers on how the research was completed and deal with any queries from farmers.