Dairygold suppliers can stagger their superlevy
He said this was a positive example to other co-ops, perhaps in co-operation with financial institutions, to help suppliers through the challenging transition out of quotas.
Mr O’Leary urged farmers to remember that, whether or not their co-op and their banks provide an instrument to help them deal with superlevy and short term cash flow problems, they will still have to pay in full any fine arising from exceeding their quota.
“While this is the final year of the quota regime, it still remains vital that they would properly plan for this,” he concluded.
The national milk quota over-run eased slightly in July, with the Department of Agriculture, Food and the Marine announcing that Ireland was 6.79% over quota on July 31.
This compared with a Department estimate that milk supplies to the end of June exceeded quota by a record 7.05%.
The figures are based on estimated milk deliveries as submitted to the Department by milk purchasers, which indicate a butterfat adjusted intake in July of 683,305,079 litres.
In July 2013, Ireland was 1.44% under quota, but finished the quota year in April with milk deliveries calculated at 0.65% above quota.
Based on this, farmers face a 2013-14 super-levy bill of about €10.5m.
