Aurivo, one of Ireland’s leading co-operatives based in the Northwest, have announced details of their Fourth Fixed Milk Price Scheme.
The announcement came today, Wednesday December 5th, with suppliers who chose to participate receiving a guaranteed price of 30.5cents per litre for supplies. The scheme was designed to help suppliers manage milk price volatility, by guaranteeing a secure price on a fixed proportion of supply over a defined period.
Suppliers who choose to participate will be guaranteed 30.5cent/litre base price for up to a maximum of 10% of their 2017 manufacturing monthly supply. The scheme will run for a period of 36 months, starting this coming January 2019.
A special allocation of places on the scheme will also apply to new entrants to dairying.
They must have commenced milking after January 1st 2018. The Scheme is open to all milk suppliers and participation is voluntary. Applicants must be certified in the Bord Bia Sustainable Diary Assurance Scheme to be eligible.
“Aurivo has over 1,000 milk suppliers and this Scheme will assist those who are faced with uncertainty over milk price volatility.” said CEO of Aurivo, Aaron Forde.
He urged any interested parties to get involved as soon as possible.
“I would strongly encourage suppliers to consider participation as soon as possible, in order to avail of the Scheme.” He urged.
Chairman of Aurivo, Pat Duffy, said they remain committed to helping farmers tackle any challenges they face.
“We are committed to helping our suppliers tackle any challenges they face, and milk price volatility is one of the key difficulties. This Scheme will guarantee a portion of their supply over the next three years regardless of other external factors that might arise.” He said.
“Suppliers who opt-in, will receive a secured price for a fixed amount of their supply. We are confident there will be a strong uptake among our suppliers and we urge those interested in the scheme to submit their application.” He continued.
For more information on the Fixed Milk Price Scheme or to download an application form, please visit here.