Milk Price Tracker

[supercow]

What a difference. What's the members goss on Gallagher? Do you think he's going to stay and try and build the company up now he's stabilised? Would be interesting to see what changes he'd make over say the next 3-5 years.

I keep getting told Mike is only the recovery man, if so his next big job is finding someone to take over him, Iv grown to like Mike! I want him to stay, of be part of a merging deal

 

[coomoo]

Arla were here around the kitchen table, very tempting after the last 2 years we've had. But ur numbers look fantastic, and do they reward far better on constituents? With your constitiuents there u would be over 28 pence if you were Lake District, but this divide between the different pools certainly isn't healthy. Are you anywhere near the border line of aspatria? If u tried to twist someone's arm they'd maybe switching u onto Lake District? Or even Haverfordwest west! Ud be minted if u were at Haverfordwest! I really really want a takeover for Christmas 2017/2018...

What do you take over with the likes of Adams having the cheese?

 

[dinderleat]

The milk pool is worth more than you think. What sort of capital would first milk have ?

 

[cattow]

What do you take over with the likes of Adams having the cheese?

Adams is the Irish Dairy Board, you have your answer

 

[endeavour]

Whilst appreciating pricing info given on this platform the net price paid to bank per litre and volume consigned would give a more open forum , this combined with test results would give a better comparison for all producers both large and small.
I would remind those selling through FM and ARLA and smaller Coops that a dividend on share capital paid directly or as a13th payment is not a payment for milk supplied but for use of your money if you fail to acknowledge this it may confuse when comparing buyers.

 

[farmer on a bike]

Whilst appreciating pricing info given on this platform the net price paid to bank per litre and volume consigned would give a more open forum , this combined with test results would give a better comparison for all producers both large and small.
I would remind those selling through FM and ARLA and smaller Coops that a dividend on share capital paid directly or as a13th payment is not a payment for milk supplied but for use of your money if you fail to acknowledge this it may confuse when comparing buyers.

With arla you do get a 13th payment but you also get money added to your capital account as well, somewhere around 0.3ppl. For me this currently represents a 10% return on my capital, available to be paid back when I leave/retire. If I treated the 13th payment as return on capital I would be getting 30%.

Therefore I think it is correct to treat the 13th payment as a payment for milk and the individual capital retention as return on my capital.

I do accept that because of my expansion during my time with milklink that my current capital is less than some but for those at maximum retention the return is 6% or 18% incl 13th payment.

 

[endeavour]

FOAB
That's how you perceive it ok but FM members have still to see any return at all and no one has quantified their cash values if any and appear to be trying to kid themselves they are now being paid competitively. This is not to denigrate the progress made by FM but to put a word of caution into their comparative euphoria

 

[farmer on a bike]

FOAB
That's how you perceive it ok but FM members have still to see any return at all and no one has quantified their cash values if any and appear to be trying to kid themselves they are now being paid competitively. This is not to denigrate the progress made by FM but to put a word of caution into their comparative euphoria

But that is exactly why you should not just lump all co-ops together, each has different capital requirements, returns and security. Just as different milk buyers who are not cooperatives vary considerably. For example of the biggest considerations in considering the financial situation in both co-ops and companies alike is to look at the pension liability. These can vary considerably because of historic issues.

 

[coomoo]

Whilst appreciating pricing info given on this platform the net price paid to bank per litre and volume consigned would give a more open forum , this combined with test results would give a better comparison for all producers both large and small.
I would remind those selling through FM and ARLA and smaller Coops that a dividend on share capital paid directly or as a13th payment is not a payment for milk supplied but for use of your money if you fail to acknowledge this it may confuse when comparing buyers.

You want my accounts aswell?

 

[Fergieman]

I have always posted price paid into bank on a monthly basis, I would hope others have been posting the same after any contributions/deductions of any sort.

 

[meekers]

Likewise, whenever I quote a price then it is the money paid into the bank without any 13th payment.

 

[meekers]

With arla you do get a 13th payment but you also get money added to your capital account as well, somewhere around 0.3ppl. For me this currently represents a 10% return on my capital, available to be paid back when I leave/retire. If I treated the 13th payment as return on capital I would be getting 30%.

Therefore I think it is correct to treat the 13th payment as a payment for milk and the individual capital retention as return on my capital.

I do accept that because of my expansion during my time with milklink that my current capital is less than some but for those at maximum retention the return is 6% or 18% incl 13th payment.

The joining cost is meant to be 7.5ppl so surely that only represents a 4% return without 13th payment and 10% with. It does seem to me though that not many people pay the full joining fee, due to expansion or underestimation of their litres when first joining as a new entrant.

 

[dinderleat]

The joining cost is meant to be 7.5ppl so surely that only represents a 4% return without 13th payment and 10% with. It does seem to me though that not many people pay the full joining fee, due to expansion or underestimation of their litres when first joining as a new entrant.

Depends on when you joined. We joined from milk link so came with a capital account which was worth 5p at the time so that probably make our situation ( and Foab) look better than new members.

 

[farmer on a bike]

The joining cost is meant to be 7.5ppl so surely that only represents a 4% return without 13th payment and 10% with. It does seem to me though that not many people pay the full joining fee, due to expansion or underestimation of their litres when first joining as a new entrant.

Yes you are right, I have cocked up, I was calculating it on the ex Milklink like myself. It would be 4% and 12% with 13th payment for more recent joiners, although the 13th payment does depend on milk quality.

You are certainly right on the second point, very few are at the maximum, because of expansion.

 

[bar718]

I have always posted price paid into bank on a monthly basis, I would hope others have been posting the same after any contributions/deductions of any sort.

Seen as we are splitting hairs here should you not also account for the vat which you have been charged on the ahdb levy and any extra sampling you ask for but you will claim back , so in effect your price will be , although only fractionally, higher

 

[Fergieman]

@bar718 Your right the vat added 0.012ppl to my January milk.

 

[Sid]

With arla you do get a 13th payment but you also get money added to your capital account as well, somewhere around 0.3ppl. For me this currently represents a 10% return on my capital, available to be paid back when I leave/retire. If I treated the 13th payment as return on capital I would be getting 30%.

Therefore I think it is correct to treat the 13th payment as a payment for milk and the individual capital retention as return on my capital.

I do accept that because of my expansion during my time with milklink that my current capital is less than some but for those at maximum retention the return is 6% or 18% incl 13th payment.

Capital accounts are only ever any good if you retire, no next generation, or move buyers. ML would be the onky coop to have paided out after a takeover ops merger. The rest have been sucked dry in the losses. I woukd call capital retention anything more than a deduction.

 

[dinderleat]

Capital accounts are only ever any good if you retire, no next generation, or move buyers. ML would be the onky coop to have paided out after a takeover ops merger. The rest have been sucked dry in the losses. I woukd call capital retention anything more than a deduction.

Do omsco have a capital system?

 

[Sid]

Do omsco have a capital system?

Simple shareholder.
No capital invested.

 

[Alex72]

Muller January 25.355p paid into bank (includes volume bonus and transport)

3.99 Bf
3.20 Pro
122 Scc
15 Bacto