Trading Bonus information now available on Connect

Glanbia Co-op members can now log into their Glanbia Connect account and view their 2018 Trading Bonus status. Shareholders are encouraged to log into the system to check that all of their eligible accounts are linked to their shareholding in order to qualify for the 2018 Trading Bonus Scheme.

All Members of Glanbia Co-op that trade with Glanbia Ireland are eligible for the 2018 Trading Bonus Scheme. It is now possible to check your 2018 Trading Bonus status online.

• Shareholders should firstly log into the secure “My Account” section on www.glanbiaconnect.com
• Trading Bonus information can then be located by selecting “Glanbia Co-op Bonuses” from the dropdown menu in “My Dashboard”
• The Trading Bonus landing page will display the Bonuses that the shareholder is eligible for e.g Milk Supplier Trading Bonus, Beef Feed Trading Bonus etc.
• The Milk Supplier Trading Bonus page will show the Co-op member a list of the milk and trading accounts that are linked to their folio.
• Milk Supply volume and Qualifying Purchases up to the last Accounting Period will be displayed.
• Similarly, the Grain Supplier Trading Bonus page will show the Co-op member a list of their linked grain and trading accounts.
• The system will calculate a year-to-date “Level of Trade” for example, 8 cent per litre.
• An “Estimated Current Rate (cpl)” will also be displayed. This is an indicative Trading Bonus rate based on the shareholder’s current level of trade e.g. 0.75 cpl.
• This figure is subject to change, depending on milk supply and input purchases between now and year end.
• Please note that Trading Bonus information will not be presented online for complex Qualifying Entities with multiple unrelated shareholders.
• These shareholders should contact the Co-op Shares Office if they require an update on their Trading Bonus status.

Any shareholder with queries on the Trading Bonus should contact the Glanbia Co-op Shares Office on 058-22241. If the query relates to a farmer’s trading or milk accounts, they should contact their local Glanbia Ireland representative or the Customer Service Centre (CSC) on 1890 321 321.

First Published 13 November 2018