Examination of the practicalities of implementing phased repayment by farmers and processors of the 2015 milk superlevy fine is going on in the Department of Agriculture, Food and the Marine, after the European Commission gave the green light to allow EU dairy farmers pay their bill for milk over-production in three interest-free annual instalments.
Member states must still pay the entire super levy to the EU by November 30, 2015.
The Commission’s decision was taken after a meeting with member states in Brussels, where Ireland voted in favour of the proposal.
Agriculture Minister Simon Coveney thanked EU Commissioner Phil Hogan for coming forward with the initiative, and said it . can help to reduce the burden on dairy farmers entering the post-quota era.
“We are now in the final few days of the quota regime before they are gone forever and the Irish dairy sector can start to realise its full potential.”
© Irish Examiner Ltd. All rights reserved