Glanbia placing highlights wealth held by farmers

The development of the highly successful co-op sector in Ireland has been one of the food industry's great successes, writes Richard Curran.

23rd December, 2012
Voters at the Glanbia meeting at Gowran Park in Kilkenny. Photo: Dylan Vaughan

The placing of 8.8 million Glanbia plc shares last week, previously held by the Glanbia Co-op, has shone a new spotlight on the extraordinary wealth held by farmers in Ireland through shares in food companies and their own local co-ops. The Glanbia deal sees the co-op receive about €67 million. Farmers receive €156 million-worth of Glanbia plc shares and the co-op takes a 60 per cent share in the Glanbia dairy ingredients business. It is...

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