Green Pages Feed Trade Topics from the Island of Ireland
DALE FARM GROWS FROM STRENGTH TO STRENGTH Dale Farm, the parent company of United Feeds, has announced significant increases in profit, return on capital employed and turnover as part of its financial results for the year ending March 2018. Group operating profit is up from £9.8m to £12.1m, profit before tax
increased from £7.9m to £10.1m, with an associated EBITDA of £18.1m. Overall group turnover grew by a record increase of 24% to £481m. Commenting on the results, which reflect a third year of consistent growth for the business, Dale Farm Group Chief Executive Nick Whelan said: “Our financial performance is measured by our ability to best support our farmer owners and as such our 2017/18 accounts are hugely positive. Our consistent level of growth and profitability is the result of ongoing reinvestment, combined with teamwork and an ambitious strategy that has strengthened partnerships with major customers across the UK, Ireland and beyond.” He continued: “Dale Farm’s focus remains steadfast. We are
committed to support sustainable farming by paying our members the best possible milk price at all times. I am delighted to be able to report that Dale Farm has moved to the top of the 12-month rolling milk price league in Northern Ireland and, as of this month, is paying the leading milk price on the island of Ireland.” Having invested £19m into its facilities and operations over the
last three years, Dale Farm this year reported a 14.4% group return on capital employed, a figure Nick Whelan highlights as extremely significant: “A vital ingredient in our success is the strength of our people, so we invest heavily into developing talent that will help us on our growth trajectory. We also continually assess and reinvest into every step of the production process to increase our operating efficiencies and in doing so, have achieved a return on capital well above the industry average,” he said. “This lean model allows us to focus on the sustainability not
just of Dale Farm’s business, but also the businesses of our growing network of dairy farmers who provide us with world-class milk. Our cooperative ethos is underpinned by a long-term vision to support dairy farming across Northern Ireland and Great Britain and that will remain the driving force behind our strategy going forward. In essence, success for Dale Farm means success for every dairy farmer within our membership.” The announcement, regarding the annual results, was made one
week after Dale Farm signed a major supply contract with retailer Lidl, which will see its cheddar cheese being sold in 8,000 stores across 22 countries.
PAGE 36 JULY/AUGUST 2018 FEED COMPOUNDER
NEW HEAD OF TEAGASC CROPS, ENVIRONMENT AND LAND USE PROGRAMME Teagasc has appointed John Spink as the Head of its Crops, Environment and Land Use Programme for a five year term. Based at Teagasc, Oak Park, Carlow, he will lead the organisation’s national tillage, forestry, horticulture and environmental, research and knowledge transfer programme. The appointment was approved by the Teagasc Authority at its June meeting John graduated with a degree in Agricultural Science from the
University of Leeds, before starting his professional career as a crop physiologist at Rothamsted Research. From Rothamsted he moved to ADAS based in Hereford in the west of England, where he worked for nearly 20 years, ending up leading the agronomy, crop physiology, crop protection and renewable energy work. In 2009 he moved to Teagasc Oak Park, and he became head of the crops research department in 2010.
Speaking after his appointment John Spink said: “‘The work
done in the Teagasc Crops, Environment and Land Use Programme (CELUP) is important nationally, and recognised internationally, not just for the quality of the research, but for the way it links through to practice through close collaboration with Teagasc colleagues in the Teagasc knowledge transfer directorate. We will look to build on both, the quality of the research, and linking it through to practice, to improve the competitiveness of our sectors as well as underpin the sustainability of the agricultural industry as a whole.” Congratulating John Spink on his appointment, Teagasc Director
of research, Professor Frank O Mara said: “Our research in Oak Park, Johnstown Castle and in the new horticulture and forestry facilities in Ashtown is providing important science based solutions to the many challenges facing the cropping sectors. Our environmental research is helping to maintain and improve the environment across all farming enterprises.”
GLANBIA APPOINTS NEW GROUP CHAIRMAN Glanbia, whose operations include the Gain Feeds’ animal nutrition business, has announced Martin Keane as Group Chairman, to succeed Henry Corbally. Patrick Murphy has been appointed to the position of Vice
Chairman in place of Martin Keane while John Murphy will continue as a Vice Chairman. Martin Keane said: “I am very pleased to be appointed to serve
as Group Chairman of Glanbia. I will continue to build on the work of all those who have had the vision to make Glanbia the global nutrition
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