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Livestock
Dairy Farming
Northern Ireland Milk Price Tracker
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<blockquote data-quote="Diarmaid Mac Colgáin" data-source="post: 8057246" data-attributes="member: 167187"><p>The app and the risk management platfrom behind it, will at least give processors a chance to be able to hit these benchmarks. Milk processors were initially set-up to process milk into, milk, butter, powders, cheese etc. and not be commodity traders. Since the abolishion of the quotas and new tools becoming available processors haven't been given the tools and the training to manage this risk. The easy option is, if they make a loss is to reduce the milk price to compensate for it, so the farmer ends up absorbing all the price shocks in the market.</p></blockquote><p></p>
[QUOTE="Diarmaid Mac Colgáin, post: 8057246, member: 167187"] The app and the risk management platfrom behind it, will at least give processors a chance to be able to hit these benchmarks. Milk processors were initially set-up to process milk into, milk, butter, powders, cheese etc. and not be commodity traders. Since the abolishion of the quotas and new tools becoming available processors haven't been given the tools and the training to manage this risk. The easy option is, if they make a loss is to reduce the milk price to compensate for it, so the farmer ends up absorbing all the price shocks in the market. [/QUOTE]
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Northern Ireland Milk Price Tracker
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