FMP campaign highlights conflict of interest

The Brian O’Mahony Column

It can be argued that the interests of a publicly quoted company and its farmer suppliers may not always be compatible even if a majority of those farmers are also shareholders of the Plc.

What the move on Glanbia Plc has done is to highlight the inherent conflict between the milk suppliers and the company where high milk prices undermine the profit performance of the group and lower prices hit farm incomes.