IFA: Farmers React with Anger to Price Cut by Co-ops

IRELAND - Speaking on Friday (12 April), IFA’s Dairy Chairman Tom Phelan said the decision by Glanbia and Lakeland to cut their respective milk price was a big blow for farmers.
calendar icon 15 April 2019
clock icon 1 minute read

IFA had lobbied co-ops intensively over the past two weeks, outlining in detail the ten reasons why they should hold their price.

Mr Phelan said, "Today’s decision by both co-ops is unwarranted. Cash flow on dairy farms is critical at this time of the year, with farmers facing increased costs of production across the board.

"When you consider that Ornua will be paying a €19m year-end operating bonus to member co-ops, up 27 percent on last year, you’d have to say the decision by Glanbia, in particular, is completely unjustified."

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