Fixed Milk Price Scheme 19

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Fixed Milk Price Scheme 19 SCHEME 19 Start Date

1 January 2024

End Date

31 December 2024

Scheme Duration

Twelve months

Eligibility

This Scheme is open to applications from all Tirlán Suppliers in the Republic of Ireland (including Corporate members) that have a valid Milk Supply Agreement (MSA) and have not served a notice to terminate same. It is open to applications on a voluntary participation basis. 40.00 cent per litre (cpl) including VAT made up of: •

Fixed Milk Price

39.50cpl at standard constituents of 3.3% butterfat and 3.6% protein; plus

Sustainability Action Payment (SAP) at the prevailing rate which is currently 0.50cpl and subject to normal conditions of participation in the Tirlán Sustainability Programme.

Tirlán Milk Payments

Unconditional Seasonality Payments made by Tirlán to qualifying Suppliers over the course of the Scheme will be paid on top of the Fixed Milk Price.

Additional Support Payments

Except as set out above Fixed Volumes will not qualify for any other support payments or equivalent (if any) paid or allocated by Tirlán and/or Tirlán Co-operative Society Limited in any month during the Term.

Milk Constituents

The Fixed Milk Price will be adjusted for actual constituents in 2024.

Composite Milk Price

A manufacturing milk supplier with average actual constituents of 4.46% butterfat and 3.60% protein, qualifying for SAP (0.5cpl Jan-Dec) and unconditional seasonality payments (4cpl Jan, 3cpl Feb, 4cpl Dec) would receive a 46.56cpl (inc VAT) composite annual weighted average milk price under this scheme.

Input Cost Element

For every 25,000 litres of milk allocated to a supplier under this scheme, the supplier is eligible to avail of a fixed price for 1.5 tonnes of fertiliser and 4.5 tonnes of feed. To avail of the fixed price offers available contact your Tirlán Business Account Manager directly when allocations made (between 10-15 Dec 2023).

Development and Administration Reduction

The Supplier agrees that the Fixed Milk Price will be reduced by 0.10cpl ex. VAT for all Fixed Volumes supplied each month during the Scheme duration, to cover development and administration.

Milk Volume

Participating suppliers can apply for no less than 10,000 litres (creamery/manufacturing milk supply only). Suppliers will be allocated no more than 20% of their previous 12 months (November 2022 – October 2023) total supply volume under this scheme.

Monthly Profile

Participating suppliers will be allocated a monthly supply profile to reflect the end product call off/usage by Tirlán customers. This is broadly in line with the Tirlán supply curve.

Closing Date

The closing date for receipt of applications is Monday, 4 December 2023.

Contact

If you have any queries, please contact your local Milk Supply Manager or see www.tirlanfarmlife.com

Application Form

A link to the online application form will be text to all Suppliers for your completion. It will also be available on your Tirlán Farmlife Account.

Fixed Milk Price Scheme 19 | www.tirlanfarmlife.com

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