First Milk to double premium
First Milk is to double its member premium from April next year.
The Glasgow-headquartered farmers’ cooperative will increase the premium to 0.5p, from 0.25p.
It said the increase was a result of improved financial results, enabled by growing business with both new and existing customers along with improved productivity.
“First Milk continues to make good progress, with positive growth and solid trading performance,” said First Milk chief executive, Shelagh Hancock.
The premium is paid as a return on investment for farmer owners.