NMR takeover may bring dairy windfall
DAIRY farmers could be in line for a windfall of almost £7m after the proposed take-over of NMR Farm Services by the Cattle Information Service.
The move will mean the winding up of parent group National Milk Records plc, formed after the dissolution of the England and Wales Milk Marketing Board in 1994. The vast majority of its 7.5m shares are held by producers who sold their milk via the board.
"The expectation is that by the middle of next year the 28,000 shareholders will receive a payment of 80-90p a share," said a spokesman for NMR.
The merger of the two services should cut paperwork for farmers. "The aim is to help dairy farmers manage their business efficiently by removing duplication, and delivering the benefits of a fully integrated recording registration and passport application service," said CIS chairman, David Hewitt. *