Farming News - First Milk announces increase in member premium from April 2020

First Milk announces increase in member premium from April 2020

08 Oct 2019
Livestock / Finance

First Milk has announced that its member premium will increase from 0.25ppl to 0.5ppl from April 2020.

This development is a result of the consistent delivery of improved financial results being achieved by the business, which has been enabled by growing business with both new and existing customers along with improved productivity.

Commenting on the announcement, Shelagh Hancock, Chief Executive, said:

“First Milk continues to make good progress, with positive growth and solid trading performance. As a result of this improving position, I am pleased to confirm our intention to increase our member premium to 0.5ppl from April 2020, recognising and rewarding the loyalty of our long-standing members.”