Irish dairy farmers are currently concerned about the low producer price and superlevy fines. The producer price paid buyers paid to producers in May 2015 amounted to €0,28 (R3,89) to €0,30 (R4,16) per litre, down by €0,09 (R1,25) to €0,11 (R1,53) from mid-2014. The lower producer prices will have a significant effect on farm income for 2015, since farm production costs remain on the same level as in 2014. In addition to lower margins in 2015, Irish dairy farmers face a substantial superlevy bill accrued for the 2014/2015 milk quota year. Ireland exceeded the quota by 4,34%, taking butterfat content into account and will have to pay a superlevy fine of €68 million (R944 million). To read more, click HERE.
Published on Monday, 13th July 2015 - 11:58
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