The creation of the Glanbia MilkFlex Fund complements Glanbia’s existing Price Volatility Programme by providing competitively priced and appropriately structured dairy farm finance. This product is designed to match the cash flow generated by a dairy farm enterprise, with no repayments at times of low prices and increased repayments at times of high prices. A key feature of this innovative loan product is that it has inbuilt ‘flex triggers’ that adjust the repayment terms according to movements in the Glanbia milk price, thus providing farmers with cash flow relief when most needed. MilkFlex is an innovation that represents a paradigm shift in the funding model currently applied in the European Dairy Industry, where fluctuations of more than 50% in milk prices have been recorded in recent years.
