Thousands of farmers join EU scheme to reduce milk production
Staff Writer | September 30, 2016
The EU's Agriculture Commissioner Phil Hogan has announced that the €150 million Milk Production Reduction Scheme, which he announced in July, has been almost fully subscribed.Article continues below
The applications were made offering to reduce production in the final quarter of 2016 by 1.06 million tonnes of the 1.07 million tonnes available.
"I am confident that this measure, allied to others included in the July and earlier packages, will contribute further to an already stabilising market situation in the European dairy market," ogan said.
The notifications received by the Commission show that over 52,000 dairy farmers in 27 member states have applied to participate in the scheme, with offers to reduce production in the final quarter of 2016, relative to the same period last year.
The volume reductions offered vary from producer to producer, but average 20 tonnes per applicant.
At the end of the three-month period, farmers will have 45 days (to approx. mid-February) to provide proof that they have reduced production and, therefore, confirm eligibility for the aid payment of €14 per 100kg of "reduction". ■ What to read next
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