Kieran Coughlan: Milk: Reduce or not to reduce, that is the question

For dairy farmers, today, Thursday the 15th, is the closing date for application to the first round of the EU milk supply reduction scheme.

Opting into the scheme is voluntary, and farmers who qualify under the terms of the scheme will be compensated by approximately 14c per litre for reducing milk production over a set three-month period.

The first period is October to December of this year.