Farm Co-Op Report:

Introduction

First Milk has commissioned respected agri-business consultancy, Promar International, to undertake comprehensive studies within the dairy industry.

In 2008, Promar completed a study into cost of milk production. The main recommendation of the report is that the industry needs a clear formula to calculate a consistently fair price for dairy farmers, one that takes account of rising production costs and allows farmers to make a profit so that they can re-invest in their businesses.

In 2007, Promar undertook a wide-ranging study of current international dairy market trends, which indicated that higher prices were here to stay for the next three to four years at least.

In 2006, Promar looked at a range of international agri-food co-operatives in order to identify why, and how, they have been successful and to see if any conclusions could be drawn about the future of dairy co-operatives in the UK.

2008 report – "The Real Price of Milk"

2007 report – "A study into the current international dairy market, future demand trends and impacts on the UK"

2006 report – "A Formula For Success – Promar International"