Dairy
The final cost of the Superlevy Instalment Scheme to the Government was €35.6m in 2015.
An Irish proposal to further extend superlevy payments has been shot down in Europe due to legal problems.
The new Superlevy Instalment Scheme is 'unlikely' to be in place to impact on farmer's milk cheques this month, according to a latest update by ICOS.
The European Commission has complied a list of frequently asked questions on the abolition of milk quotas.
EU
European Agriculture Ministers are to meet next week in the last European Agricultural Council meeting before the abolition of milk quotas.
Calls have been made to reinvest monies received by the European Commission through Superlevy bills by European farmers body Copa-Cogeca.
Member States are set to decide this week as to whether they will support a proposal to give more flexibility to dairy co-operatives around superlevy bills.
Arrabawn co-op will seek to secure new milk suppliers on a pro rata basis, should any existing members switch to another processor
Mairead McGuiness MEP has told farmers she is working hard to address the impending superlevy bill which is set to hit farmer’s milk cheques this spring.
Phil Hogan has said that Jesus Christ when it comes to dealing to the impending Superlevy issues of European Member States.
Dairy consultant Matt Ryan had four words to help farmers reduce their superlevy bill at the Irish Grassland Association Dairy Conference
The ICMSA believe a significant €7 million superlevy saving can be made if milk supplies can be managed correctly for the last three days of March.
Superlevy fines of 28.66c per litre over quota are now inevitable for Lakeland Dairies suppliers.
According to the ICMSA, two major dairy market indicators have showed further positive moves over recent days.
COMMENT: In the first six months of 2013, Ireland and EU milk production was strongly influenced by the climatic conditions.
