Farm bodies positive on Glanbia plan

Farmer organisations have reacted positively to the proposal by Glanbia Co-op to invest in a major milk processing joint venture.

IFA president John Bryan said the Glanbia proposals represent significant progress towards sustainably returning dairy processing back to farmer control. He said, on initial examination, they went a long way towards minimising farmers’ concerns, including the debt load of the proposed joint venture.

He welcomed the extended period for discussion among shareholders, and said IFA will use the time to get into the proposals in detail and consult widely with members who are affected. IFA will also seek independent advice.