First Milk to dou­ble pre­mium

The Press and Journal (Aberdeen and Aberdeenshire) - - FARMING -

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.

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