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collecting and processing record volumes of milk. Our new ÷35m cheese plant in Wexford performed very well and produced more than 30,000 tonnes of quality cheese. Our latest investment in Whey Protein Isolate expansion is progressing well.”


Bergin pointed out 2017 was also a historic year for Glanbia Co-op when it received 93% backing to acquire 60% of Glanbia Agribusiness and Glanbia Consumer Foods, two businesses with revenues of over €600 million.


“The creation of Glanbia Ireland by combining these two businesses with Glanbia Ingredients Ireland is quite historic as it brings the three farmer-facing businesses back into the Co-op fold after 29 years,” he added.


“As we work through the opportunities for the future we see an increasing logic for this transaction. Having the full supply chain from farm to shop-shelf in one business has many advantages not least in sustainability and traceability. To date, the highest profile achievement of the business has been the creation of the five-year fixed milk price scheme linked to a feed offer of €30 Loyalty Reward per tonne for dairy feed.


“This initiative has proven very popular with Glanbia milk suppliers and will provide stability for them in what continues to be a very volatile market,” said Bergin. “The scheme underlines the fact that if suppliers support their own Co-op it makes the business stronger and puts it in a position to reward shareholder loyalty.”


He continued: “Glanbia continues to lead in the area of price volatility management and it was a proud moment for the organisation when our Chairman Henry Corbally, Vice Chairman Martin Keane and Strategy Director, Sean Molloy were presented with the Copa COGECA Co-op award for Innovation in the European Parliament. The award, of course, was for the MilkFlex Loan Fund which has made flexible funding available to milk suppliers at a lower interest rate.”


Where milk prices are concerned, Bergin believes that 2018 will be more challenging period than was 2017.


“Price volatility is a regular phenomenon unfortunately and we will have to grit our teeth and work our way through it. Many farmers have adapted their plans for the good years and the weaker years. For our part we will continue to provide additional fixed milk price schemes.”


IFA AGREES NEW MALTING BARLEY PRICE PACKAGE IFA Deputy President Richard Kennedy has said the malting barley package negotiated with Boortmalt for 2018 is positive and includes significant new measures. •


• A much-reduced seed price of €520/t varieties.


• •


(delivered)


for all


Free haulage ex-yard for growers’ grain (delivered via lorry), where branch were closed in recent years.


Retention of the current split of brewing/distilling contract per grower “as is” with the potential for additional contracts to be awarded to all growers for Crop 2018





That all barley purchased by Boortmalt for crop 2018 will be under contract.


Kennedy said: “It is critically important to get a price out ahead of the planting season so that growers can plan their cropping programme accordingly. The fixed-price offer is currently ahead of that offered for new crop dried feeding barley for harvest 2018 collection”.


“The delivered farm seed price of €520/t across all varieties is significantly reduced on last season and is interest free until harvest. A free lorry collection service will be provided by the company to growers where branches were closed in recent years and where growers purchase, from Boortmalt, plant protection products to the value of €50/acre or greater, excluding VAT, during the season.”


He concluded: “All of the above are very positive improvements for all our malting barley growers and I would like to acknowledge the proactive part that the Boortmalt possible.”


team played in making this


IRELAND LAUNCHES NATIONAL ACTION PLAN ON ANTIMICROBIAL RESISTANCE.


Ireland’s Minister for Agriculture, Food and the Marine, Michael Creed has helped launch iNAP, the country’s first ‘One Health’ National Action Plan on Antimicrobial Resistance (AMR). It will cover the period 2017-2020.


Minister Creed said: “AMR is everyone’s problem and one that cannot be solved unless we all work together to find solutions. In the area of agriculture, solutions need to focus on optimizing animal health, thereby reducing the need to use antibiotics in the first place and ensuring that when antibiotics are used, that they are used in accordance with prudent use guidelines.


“Good progress has already been made in certain areas but further work needs to be done if we are to combat the growing threat of AMR. Both Minister Harris and I believe that iNAP will give overarching support and direction to all the good work that is already in train across the different sectors at national level.”


An initial fixed price offer of €167.50/t (exclusive of VAT) for contract green brewing malting barley.


The new action plan was developed following the WHO Global Action Plan on Antimicrobial Resistance. The plan contains a range of strategic interventions and activities across the human health,


FEED COMPOUNDER JANUARY/FEBRUARY 2018 PAGE 25


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