Glanbia’s supplier fund wins innovation award

European agri co-ops representative body Cogeca has presented its 2017 Business Model Innovation Award to Glanbia for introducing the Glanbia MilkFlex Fund.

The fund offers Glanbia’s milk suppliers in the Republic of Ireland competitive loans to invest in on-farm productive assets, including livestock, milking platform infrastructure and land improvement. The innovative fund’s repayments vary with seasonality and movements in milk price.