Will Brussels Agree To A 3% Additional Milk Quota

BRUSSELS - IFA President Padraig Walshe said that, after a thorough discussion to ascertain the various options, a clear decision had been made that if Brussels agree to the IFA proposal for a 3% milk quota increase in 2008, and then the quota should go to all milk producers.
calendar icon 29 October 2007
clock icon 1 minute read

Mr Walshe said, “Milk producers who are considering purchasing quota from the exchange at the end of this week should not be influenced one way or another by the 3%. The IFA Executive Council today clearly decided to recommend that any additional quota be distributed free of charge to all milk producers, and only be available to them on a use it or lose it basis.”

Commenting on reports of possible high milk quota prices, IFA National Dairy Committee Chairman Richard Kennedy cautioned dairy farmers over paying too much for milk quota which is likely to be devalued fast over the next few years, to be finally abolished by the Health Check by 2015.

“With strong milk prices, it is probable that quantities in the forthcoming milk quota exchange would be more limited than in the previous quota year,” he said

“It is very likely that Ireland will continue filling its quota for the foreseeable future. However, farmers must consider carefully how much to pay for milk quota which is almost certainly going to be valueless in a few years,” he concluded.

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