Three years to pay superlevy
Co-ops and farmers have called for the details and workings to be clarified immediately. ICOS said the move will ease the cash flow situation for farmers and co-ops.
ICMSA Deputy President Pat McCormack reacted with a call on milk processors to pay back two thirds of superlevy fines already deducted, to farmers who will opt for the three-year payment period.
Co-ops now say a superlevy is unavoidable. In Dairygold Co-op, the January milk supply was 26% behind the January 2014 supply, but the Co-op remains 6.84% over quota on a butterfat adjusted basis.
The country was 5.47% over quota (butterfat adjusted) coming into February.
Dairygold Co-op has advised suppliers it is generally believed there will be no political intervention at EU level to implement a ‘soft landing’ (the hoped-for butterfat adjustment would still leave Ireland about 3.67% over quota).
