“It’s what they deserve, and companies need to be competitive in this market and take care of their members, or they’ll go elsewhere.”
That’s the opinion of KCLR’s Agricultural Correspondent, Matt O’Keefe.
This comes as €5.9 million is set to be paid to 4,500 farmer shareholders of Tirlán Co-operative Society. The company has confirmed this expenditure as part of the 2024 Trading Bonus Scheme.
Over €3.2 million will be paid out to qualifying milk supplier Members. The January milk payment for over 2,100 of whom will include a Trading Bonus payment of 25cent per litre or an average of almost €1,500 per supplier.
Over €360,000 will issue to drystock farmer Members through the feed bonuses.
Meanwhile, Glanbia PLC’s full-year results for 2024 show a strong performance, with adjusted Earnings Per Share growth of 6.8% in constant currency.
KCLR’s Agricultural Correspondent, Matt O’Keefe, explained how the cop op system works.
