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The quality bonus – which equates to 0.3 cents per litre for every litre of milk supplied through Dairy Farmers Milk Co-operative in the past year – is awarded to those suppliers who consistently deliver premium quality milk that surpasses the company’s high standards.
The annual bonus comes on top of a 1.2 cent per litre monthly quality incentive paid to Dairy Farmers suppliers whose milk meets certain quality requirements.
Dairy Farmers Chief Executive Rob Gordon said the company’s dairy farmers were committed to supplying the highest quality milk 365 days a year – and Dairy Farmers’ quality incentives and bonuses were a way of acknowledging their efforts.
“I’m pleased to announce that more than one third of Dairy Farmers’ suppliers will receive their annual quality bonuses this week,” Mr Gordon said.
“In the six years since it was introduced, the proportion of our suppliers who receive the quality bonus has steadily increased. I’m pleased to report that this year is no exception, with 37 per cent of our farmers receiving the milk quality bonus.
“Of course, these sorts of results don’t just magically appear. They come about because our farmers are committed to introducing better herd and shed management practices to maximise the performance of their businesses. Plain old hard work plays its part too.”
Dairy Farmers quality bonus system is just one of a range of incentives offered by the Co-operative to its farmer suppliers. Others include upfront milk payments, fixed-volume contracts that guarantee a minimum milk price over two and three year periods and new milk incentives.
