Co-ops laud superlevy aid
In the middle of last year, as dairy markets began to weaken, Dairygold Co-op said they would help pay the superlevy in 2015, and allow penalised members pay them back in instalments, to cushion them from a “perfect storm” of falling prices, the Russian ban, world dairy oversupply, a big tax bill on 2014 profits, and capital investment around quota abolition.
The phased super levy payment scheme allows Dairygold milk suppliers to spread superlevy bills over an extended period to September 2016, said the co-op’s chief executive, Jim Woulfe.
