Superlevy fines could force dairy farmers to quit
Many co-ops have already exceeded their EU milk quotas by 6%-8% — with six months to go to the March 31 end of the 2011/2012 quota year. Young farmers are the first casualties of fines which could cost individual farmers €30,000 or more.
Ireland has evaded superlevy fines since 2007/08, but paid out €117 million prior to that.