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<blockquote data-quote="farmer on a bike" data-source="post: 3401504" data-attributes="member: 295"><p>It varied depending on how much you had increased production during the pervious few years of Milklink, The maximum was 5ppl and anyone with more had it repaid at that point. Mine was only about 3.5ppl at that time as we had taken on a second farm during the build up of capital in Milklink.</p><p></p><p>Currently we will each have an amount credited to our capital accounts based on our annual production. I think it will be around 0.3-0.5ppl each year. There is supposed to be a top limit on this of 7.5ppl (from memory) and anything above gets paid out with 13th payment. However their has been a habit of gradually increasing this, but this cannot carry on for ever as it is clear that the capital funds should never exceed 30% of total capital because they risk being classed as money owed to owners (a loan) rather than capital in the eyes of our lenders.</p><p></p><p>Therefore any changes in the future are likely to try and make capital invested more equal on a ppl basis, but this will be decided by the BoR with board advice, obviously the BoR should take advice from the owners they represent in making the decision.</p></blockquote><p></p>
[QUOTE="farmer on a bike, post: 3401504, member: 295"] It varied depending on how much you had increased production during the pervious few years of Milklink, The maximum was 5ppl and anyone with more had it repaid at that point. Mine was only about 3.5ppl at that time as we had taken on a second farm during the build up of capital in Milklink. Currently we will each have an amount credited to our capital accounts based on our annual production. I think it will be around 0.3-0.5ppl each year. There is supposed to be a top limit on this of 7.5ppl (from memory) and anything above gets paid out with 13th payment. However their has been a habit of gradually increasing this, but this cannot carry on for ever as it is clear that the capital funds should never exceed 30% of total capital because they risk being classed as money owed to owners (a loan) rather than capital in the eyes of our lenders. Therefore any changes in the future are likely to try and make capital invested more equal on a ppl basis, but this will be decided by the BoR with board advice, obviously the BoR should take advice from the owners they represent in making the decision. [/QUOTE]
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