Beef farming hits ‘crisis point’

Protesting beef farmers say €100m aid package not enough

THE beef industry in Ireland is at crisis point, according to protesting beef farmers, who say the Government’s €100 million aid measure is ‘not a fraction of what is needed’.
Mayo beef farmers picketed outside the Dawn Meats beef factory in Ballyhaunis yesterday (Monday), protesting at what they say is the exploitation of farmers by beef processors.
The protest, organised by the Beef Plan Movement, comes in light of a €100 million aid package announced by the Minister for Agriculture, Michael Creed which will be made available to beef farmers experiencing difficulties as a result of Brexit.
The Beef Exceptional Aid Measure (BEAM), jointly funded by the Government and the EU, is aimed at countering problems farmers are facing because of market volatility and uncertainty over Brexit.

read the full story – Mayo News

Anton McNulty

Brexit: Irish government announces €100m fund for beef farmers

Irish beef farmers who are facing “market volatility and uncertainty” because of Brexit are to be given access to a €100m fund.

The Irish Minister for Agriculture said the Beef Exceptional Aid Measure will be funded by the government and the EU.

Michael Creed said it he was “keenly aware that the last number of months have been very difficult for beef farmers”. He said the scheme aims to provide financial aid to farmers most affected.

read the full story – bbc

Glanbia/Kepak Twenty20 Beef Club ‘over-subscribed’

There has been significant interest among farmers in the pilot phase of Glanbia/Kepak Twenty20 Beef Club.

Cows eating hay in a farm cowshed

The initiative sets out to offer members guaranteed market for their heifers and steers with a predictable and transparent pricing formula at time of slaughter

Glanbia Ireland has said that the 2019 pilot phase is over-subscribed with 6,000 calves signed up to the scheme.

It also noted that expressions of interest to date are close to the target for next year (which is 20,000 calves).

Over the coming years, Glanbia Ireland and Kepak have ambitious plans to rapidly expand numbers in the programme to 50,000 per annum.

Read the full story –

Ciaran Moran

Beyond Meat Slumps in Sign of Investors’ Jitters Over Earnings

Beyond Meat Inc. bulls signalled they are getting nervous as shares of the faux meat maker fell as much as 14% Monday before trimming losses ahead of second-quarter earnings, which are due after the close.

Tasty beef burger with cheese and grilled onion,selective focus and blank space

While Wall Street sees the company’s full-year revenue guidance as conservative — with the average estimate compiled by Bloomberg above Beyond’s forecast — the stock’s 33% gain last week has raised the bar. The latest rally has extended the stock’s post-IPO surge to 840% through Friday’s close, the highest return among new issues in the U.S. this year.

read the full story – Bloomberg

Tatiana Darie

Work needed to bring beef ‘back from brink’

Farming leaders say the measures required to bring the UK beef industry “back from the brink” rely on supermarkets, meat processors and the food service sector stimulating demand and guaranteeing transparency by putting the country of origin on their labels.

The presidents of the Scottish, English, Welsh and Ulster farmers’ unions met in crisis talks at the Royal Welsh Show at Llanelwedd yesterday as the beef industry continues to struggle with a long period of depressed prices, and their short-term solution was an appeal to retailers to step up the promotion of UK-produced beef, which is safe, high-quality and fully traceable.

They insisted urgent and collaborative action across the entire supply chain was necessary and said the downward pressure on farm gate prices could not be allowed to continue.

“While we accept that this is a complex situation and there are a number of factors affecting this drop in price, beef farmers cannot continue to sustain this decrease any longer,” they said.

read the full story – the Courier

Nancy Nicolson

IFA calls on factories to ‘stabilise sheep trade’

Irish meat factories have been called on to “stop the lamb price cuts and stabilise the market at a time when farmers are weaning lambs and finding they are coming in quicker than usual”.

The Irish Farmers’ Association’s (IFA’s) national sheep chairman, Sean Dennehy, said with some factories dropping prices below €5.00/kg, “sheep farming is becoming unviable”.

Dennehy said prices are ranging from €4.85/kg to €5.00/kg with some top prices of €5.10/kg including bonuses. He said ewes are making up to €3.00/kg.

read the full story – agriland

Breifne O’Brien

The Food Standard Agency (FSA) attempts to close Norfolk abattoir firm

Regulators are hoping to close the firm behind an abattoir which was investigated over the killing of horses.

The Food Standard Agency (FSA) has presented a petition to wind up Norfolk Meat Traders Ltd under the Insolvency Act. 

The future of the firm, which is based at Manor Farm Abattoir, The Moor, Banham, could now be decided by the High Court of Justice on Wednesday.

According to the company’s latest accounts, published in 2018, the business owes £95,000 but only has £14,626 in assets.

The full story – Eastern Daily Press

author – Tom Bristow