Dairygold to pay milk suppliers and costumers €7.5m in bonuses

Dairygold has finalised its plans to pay €7.5m in bonuses to its milk suppliers and customers for 2013.

The North Cork co-op announced at its January board meeting that the 2013 year-end bonuses comprise a 0.5-cent per litre bonus on all contracted 2013 milk supply, a €7 per tonne rebate on all compound feed purchased, and a €5 per tonne rebate on all fertiliser purchased.

Dairygold chairman Bertie O’Leary said: “The board’s decision to award these substantial bonuses also recognises the great loyalty shown to the co-op in an expensive and challenging year for many of our farmer members, with significantly more farm inputs required, leading to record levels of feed purchased.”