Direct payment will impact on restructured schemes

THE maximum price for restructuring milk quota remains at 31c per litre (1.41 per gallon) in 2004.

Direct payment will impact on restructured schemes

Priority category bands have been increased, from 200,000 litres (about 44,000 gals), to 250,000 (about 55,000 gals) in Category 1 and from 300,000 (about 66,000 gals) to 350,000 litres (about 77,000 gals) in Category 2. Category 3 will therefore be above 350,000 litres (about 77,000 gals).

Priority re-allocation of the restructuring pool continues to successors of producers who sold into restructuring schemes in the past, and lessees unable to renew existing leases. And 25% of the available pool will be prioritised to new and recent entrants.

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