Farmers not prepared to take any more milk-price cuts, says IFA dairy chairman
Their message is clear: They cannot take any more milk-price cuts, and expect their co-ops to look to internal savings and even lower their margins if necessary.
Dairy farmers have suffered 11c/l worth of milk- price cuts in the last 13 months, from about 39c/l incl VAT last April 12-months to 28c/l incl Vat for May 2015. That’s a 28% cut in price, but a 78% cut in margin. This is what we mean when we speak of extreme volatility.
