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pronto
GP82
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Fall over of DFOB

Seems that the end of the road has arrived for DFOB, with the calling in of the receivers today.
It is to be seen if it's producers get a June milk cheque, what a sorry state of affairs !
3/6/2009, 15:37   
 
redcow
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…

We won't be expecting any payment for our last 34 days of milk (we had already written off out capital investment). The directors at DFOB should hang their heads in shame, we've lost a huge amount of money,and like all the other members, we feel like a right bunch of fools for going along with their sorry plan from the start. I could have used some very choice language, but it would have been edited out.
3/6/2009, 18:37   
 
Eryl Vet
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Re: Fall over of DFOB

I am surprised there hasn't been more comment on this. Is it that the DFOB suppliers are in shock ... or simply that they have been resigned to the likelihood of this for several months? I am not certain how many DFOB producers are left, but with each probably losing their milk cheque of £14,000 average and definitely losing their average capital contribution of c. £25,000 this is pretty devastating for all farmers concerned. My thoughts are with them ... I hope it doesn't push any out of business. How are DFOB producers getting on moving to other buyers?
5/6/2009, 19:30   
 
Campbeltowncowboy
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Fall over of DFOB

 Are the guys who have been running the whole co-op Directors and management being paid upto date or will they lose anything??
I feel for producers in remote areas its going to be hard to get contracts for everyone at this time of year.
5/6/2009, 21:57   
 
ExpectingRain
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Re: Fall over of DFOB

quote:
Eryl Vet wrote:

I am surprised there hasn't been more comment on this. Is it that the DFOB suppliers are in shock ... or simply that they have been resigned to the likelihood of this for several months? I am not certain how many DFOB producers are left, but with each probably losing their milk cheque of £14,000 average and definitely losing their average capital contribution of c. £25,000 this is pretty devastating for all farmers concerned. My thoughts are with them ... I hope it doesn't push any out of business. How are DFOB producers getting on moving to other buyers?

They have been too busy organising extensions to the overdraft, finalising details with a new milk buyer and completing first cut...more comment later. Nice to see you back!



---
Crosshutton Holsteins

60 Homebred cows Annual Average 9800 4.2. 3.3
1EX 32VG 16GP 10G 1F 1P
6/6/2009, 5:13   
 
MarkDay
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Re: Fall over of DFOB

I take it you have found a new buyer ER?

---
Bickleygate holsteins

"I have not failed 1000 times, I have discovered a 1000 ways that do not work"-Thomas Edison
17/6/2009, 8:01   
 
ExpectingRain
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Re: Fall over of DFOB

We signed a direct supply contract with Lockerbie Creamery (Milk Link) in May when it became clear that DFB were not going to find a way out of the mess they were in and that I was not going to wake up one day and find that I had joined Milk Link or First Milk. Most local DFB members had already signed with Lockerbie as that is where their milk was already going and Lockerbie have been recruiting hard down here since last year. Some have gone to First Milk and odd ones to Wisemans, but the latter already had contracts signed. We had the option to join Milk Link but we can ill afford the 0.5ppl retention at the moment and the direct supply contract (as it stands) suits us better than the standard member contract.

At least we have a new buyer, things do not look too clever in North Yorkshire, County Durham, Northumberland and parts of Wales. I was told yesterday that there is one 350 cow herd in the NE struggling to find a buyer, but I do not know if that is true or not.

---
Crosshutton Holsteins

60 Homebred cows Annual Average 9800 4.2. 3.3
1EX 32VG 16GP 10G 1F 1P
18/6/2009, 4:03   
 
Eryl Vet
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Re: Fall over of DFOB

My thoughts go out to anyone still stuck with supplying DFB. Apparently the liquidator is paying out a derisory 10ppl. Because the farmers concerned have no option but to continue supplying a perishable product until they find another contract, they are being shamelessly ripped off by the receivers to balance the books, whereas other inputs (e.g. milk bottles) are purchased at full market price.

The behaviour of banks, receivers and such like in these situations I find to be nothing short of scandalous - like vultures over a dead carcass.
19/6/2009, 18:17   
 
will maxwell
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Re: Fall over of DFOB

What planet is this plonker on?!!
http://www.fwi.co.uk/Articles/2009/06/26/116337/dairy-industry-not-in-crisis-says-defra-minister.html

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Farming is the oldest JOB in the world, too many people seem to have it confused with the oldest PROFESSION!
27/6/2009, 12:09   
 
Campbeltowncowboy
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Fall over of DFOB

Well done Milk Link for giving the DFoB members who had no milk buyer a little hope, at the Highland show I spoke to a First Milk area manager who had producers pleading for a contract but they said they could not take them all.
The offer from Milk Link at least will give producers peace of mind in the short term rather than being forced to sell cows.
Milk Link emoticon emoticon emoticon emoticon emoticon
30/6/2009, 9:00   
 


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