Dairygold introduces phased milk super levy payment for suppliers

A decision by Dairygold to introduce a phased milk super levy payment scheme has been welcomed by the Irish Farmers’ Association. 

The scheme will allow the co-op’s suppliers to stagger their super levy payment over peak periods in the following two years.

IFA Dairy Committee chairman Sean O’Leary said this was a positive example that other co-ops, perhaps in co-operation with financial institutions, should emulate to support their suppliers through the challenging transition out of quotas.

“The Dairygold scheme is an excellent example of constructive innovative thinking to assist farmers.

“Now that markets and milk prices have weakened, it is vital that the pressures farmers will face on their cash flow over the coming 18 to 24 months be properly appreciated by co-ops and banks alike,” he said.

Mr O’Leary urged banks to provide farmers with equally innovative financial products.