All farmers who supplied Dairy Farmers of Britain have now found an alternative home for their milk, or retired from the industry altogether, DFoB’s receivers PricewaterhouseCoopers announced today (14 July).
Of the 1813 farmers supplying the co-op when it went into receivership on 3 June 2009, 1758 found a new buyer for their milk and 55 chose to retire. This means that when the final transfers take place at the end of this week, 97% of farmers will have continued with their milk production.
“The impact of the receivership has been very difficult for the farmers supplying DFoB, but we are delighted that so many have been able to find a safe home for their milk,” David Kelly, joint receiver and partner at PricewaterhouseCoopers said.
“This represents a significant achievement given the complexities of the receivership and the DFoB milk field, which covered a wide geographical area. The deal with Milk Link at the end of last month has brought to an end much of the uncertainty that has faced farmers in recent months.”