The massive multinational food company, which produces both the Avonmore and Premier Dairies brands, now pays 20c a litre to farmers for their milk.
Yesterday, 2000 farmers and their families took to the streets in Waterford and Kilkenny to protest against the cuts. The farmers claim that they are losing 7c on every litre – that’s €18,000 per year – and that they cannot continue producing milk at a loss. Richard Kennedy of the Irish Farmers Association Dairy Committee says that is reasonable to ask the corporate giant to share some of the financial pain rather than leave farmers on the brink of financial ruin. They say they will soon be unable to provide Glanbia with milk.
Glanbia says that world dairy markets are currently weak and volatile and that it must reduce its costs.According to RTE Farm News, Glanbia paid out €134m to corporate shareholders.
Meanwhile, over the years, Tesco, Dunnes and other supermarkets have driven down milk prices – but the farmers say that they’re driving them out of earning a living.
Being honest, do you support the farmers, or are they a load of whingers? We all want cheaper food – but is it coming at someone else’s expense?