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Dale Farm announces 3-year fixed contract offer

The Northern Irish co-operative said it reflected interest from its customers in fixing prices for three years.



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Dale Farm announces 3 year fixed contract offer #teamdairy

Farmers have been offered the opportunity to fix prices at a base price of 27ppl for the three years from January 1.

 

Dale Farm group chief executive Nick Whelan said the contract offer reflected interest from a number of customers in fixing prices.

 

“In essence, the co-op is acting as a broker in this process. Our customers are happy to enter into a contract arrangement, in terms of the price they pay.

 

“This then gives us the opportunity to enter into similar contract supply arrangements with our farmers.”

 

Voluntary

 

He emphasised the initiative was voluntary.

 

Last week, Farmers for Action (FFA) in Northern Ireland warned farmers against signing up to fixed term contracts offered by co-operatives.

 

Mr Whelan highlighted the average milk price paid in Northern Ireland over the past five years was 25.1ppl.


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Producers committing to the new contracts will be expected to supply a fixed volume of milk per month over a three year period.

 

Volumes

 

All Dale Farm members will receive a breakdown of monthly milk production figures from September 2016 to August 2017 and can choose to contract milk volumes equivalent to between 10 per cent and 60 per cent of the trough month.

 

Applications were now open and expressions of interest were to be returned by October 6.

 

Risk

 

Mr Whelan added the co-operative was keen to grow its milk pool while reducing risk for producers.

 

“We are happy to be offering our suppliers and members a choice on how to manage their business.

 

“It is however a decision for each farmer to consider based on their own circumstances as, of course, markets can go up as well as down.”

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