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01/04/2015
Milk Quotas Abolished Across The EU
Milk quotas across the European Union (EU) have been abolished.
The Minister for Agriculture, Food and the Marine, Simon Coveney TD, has welcomed the news and said this is the most fundamental change to Irish Agriculture in a generation.
Minister Coveney said: "Since 1984, the industry has operated within a quota environment but now the shackles are off and the sector can start to realise its full potential. This is a great day for the rural Ireland.
"The direct and indirect economic benefits will be felt all over the country. Quota abolition means the potential for increased employment, with Teagasc estimating that it could create 15,000 new jobs over the next five years.
"Today, Ireland's dairy production, at approximately 5.4bn litres in 2013, is roughly the same as that in 1984. In that same period, production in New Zealand, with a grass-based system similar to Ireland's, has increased from 7.6bn litres to about 19bn litres.
"Quota abolition means the opportunity for increased production and export volumes, particularly to third country markets. Since 2007 approx €2bn has been invested in Irish farms and Teagasc estimates that a further €1.4bn of on-farm investment will be required to meet the targets of Food Harvest 2020."
(CD/JP)
The Minister for Agriculture, Food and the Marine, Simon Coveney TD, has welcomed the news and said this is the most fundamental change to Irish Agriculture in a generation.
Minister Coveney said: "Since 1984, the industry has operated within a quota environment but now the shackles are off and the sector can start to realise its full potential. This is a great day for the rural Ireland.
"The direct and indirect economic benefits will be felt all over the country. Quota abolition means the potential for increased employment, with Teagasc estimating that it could create 15,000 new jobs over the next five years.
"Today, Ireland's dairy production, at approximately 5.4bn litres in 2013, is roughly the same as that in 1984. In that same period, production in New Zealand, with a grass-based system similar to Ireland's, has increased from 7.6bn litres to about 19bn litres.
"Quota abolition means the opportunity for increased production and export volumes, particularly to third country markets. Since 2007 approx €2bn has been invested in Irish farms and Teagasc estimates that a further €1.4bn of on-farm investment will be required to meet the targets of Food Harvest 2020."
(CD/JP)
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