Ireland Faces Significant Superlevy as Quota Era Ends
IRELAND - As the milk quota era draws to a close, Ireland are still 5.07 per cent over-quota on milk production up to the end of February 2015.
27 March 2015
1 minute read
While this figure continues a downward trend in the over-quota position, coming down from 7.15 per cent last October, indications are that Ireland will still end the milk quota year significantly over quota.
The figure was announced by Simon Coveney TD, the Minister for Agriculture, Food and the Marine, who commented: “This continued downward trend in the over-quota figure is welcome as we enter the final days of the milk quota regime.
"However the reality is that we are facing into a significant superlevy.
"I am delighted with the outcome of recent discussions with Commissioner Hogan and the subsequent proposal allowing super levy payments to be made in installments over a three year period.
"This should greatly help to ease the cashflow burden for farmers. My Department is currently in consultation with relevant stakeholders in relation to the steps needed to give effect to the Commission proposal.”
In conclusion the Minister said: “We are entering the final ever week of milk quota. This is a massive milestone for Irish agriculture.
"The abolition of milk quota presents a tremendous opportunity for the Irish dairy sector which we can look forward to with confidence”.
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