Milk drying up ahead of scheme to cut supply

Farmers wishing to take part in the EU Milk Reduction Scheme later this year will have to specify in their applications how much they will reduce milk deliveries, compared to 12 months previously.

According to ICOS, they can only apply for one of the four optional three-month tranches (which are October, November, and December, 2016; November, December, and January, 2017; December, January, and February, 2017; or January, February, and March, 2017).

In the €150m EU-wide, voluntary scheme, funding will be available on a first come, first served basis.