New trading bonus scheme announced by Glanbia Co-op

Glanbia Co-operative Society has today announced a new ‘Trading Bonus Scheme’ that will reward farmer members of the co-op for purchases made from the business that they own, Glanbia Ireland.

For milk supplier members of Glanbia Co-op, the new 2018 Trading Bonus is potentially worth up to 0.75c/L on all milk delivered in 2018. For grain growers, a Trading Bonus of up to €10/t of grain supplied is available for 2018.

Beef, sheep and pig farmer customers of Glanbia Ireland that are co-op members will also qualify for a feed bonus on their tonnes purchased this year.

The 2018 Feed Trading Bonus will be €10/t on beef and sheep feed products purchased from Glanbia Ireland, with €5/t available to co-op members on purchases of pig feed and straights.

The Milk Supplier Trading Bonus is worth up to €3,750 to a 500,000L supplier spending over 7c/L with Glanbia Ireland this year.

All 2018 purchases made from Glanbia Ireland – feed, fertilizer, veterinary medicines, dairy hygiene products and farm hardware etc – are included in the calculation.

At the end of this year, the total spend will be divided by the total litres of milk delivered to generate a cent per litre input spend.

Source: Glanbia Ireland

The Trading Bonus Scheme is funded from Glanbia Co-op’s 60% share of the dividend paid by Glanbia Ireland to its shareholders in January 2018.

Commenting on the announcement, the chairman of Glanbia Co-operative Society Henry Corbally said: “This is a progressive scheme that will recognise and reward our members’ trade with Glanbia Ireland.

It is an equitable and transparent means of returning a share of Glanbia Ireland profit to our active farmers.

“This is the model that our members overwhelmingly endorsed by 93% at our SGM in Punchestown last May,” Corbally concluded.


Please be considerate of others when commenting. All comments posted are subject to our commenting policy. Comments violating this policy will be removed without notice.

We Have A Quick Question

Thank you for your input! This will help us improve the content we produce for you in the future!
What farming enterprises are you involved in?