Dairygold glad with sign-up level to date

Non-expanding milk suppliers will not contribute to the deferred (“13th”) payment mechanism that Dairygold is introducing from May, 2015.

This is just one of the points that Dairygold Co-op hopes it can clarify in one-to-one meetings with members, between now and the proposed introduction of its new milk supply agreement (MSA) by the end of March, 2013. The co-op also said that those suppliers who remain static in production are adequately covered in terms of their shareholding.

In such a case, the only element of funding that will impact all milk suppliers is the revolving fund. For the average [300,000 litre] milk supplier who is not expanding, this means contributing 0.38c per litre for a maximum of 60 months in the seven-year period, taking the 75,000-litre exemption into account.