Milk quota exchange ‘utter madness’

THE introduction of a milk quota exchange would be utter madness and would be seriously detrimental to the future of active committed producers, the ICMSA has warned.

Dairy Committee chairperson Dominic Cronin said it is obvious the price of milk quota will have to fall substantially in 2005 in order to protect the income position of active producers going forward.

“A milk quota exchange will not deliver a reduced price but would, in fact, work towards achieving the exact opposite. It will drive the price of milk quota up to the disadvantage of active committed producers, who are already facing a very uncertain future,” he said.