Burra brings forward milk payment to June

BurraBurra has issued a milk price update confirming commitment to the payment of a Burra Supply Incentive (BSI) in August for the FY18 season.

Chief Executive/Managing Director Grant Crothers said in recognition of the continuing unfavorable seasonal conditions and the increased cash flow pressure on many dairy farming enterprises, Burra brought forward the timing of the payment.

“Rather than one payment in August, the BSI will be paid in two instalments: the first on 15 June (with the May milk payment), and the second on 15 July,” he said.

“Instalment one will be the BSI payment for all milk solids supplied from 1 July 2017 to 31 May 2018, and instalment two for all milk supplied from 1 June 2018 to 30 June 2018.

“We anticipate that this earlier payment will assist our Milk Supply Partners by providing improved cash flow for their businesses.”

 

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