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The RPA (Rural Payments Agency) has announced that the voluntary milk production scheme began on 11th September 2016.
The voluntary scheme is designed to provide financial support to farmers across the UK who reduce the amount of cow’s milk that they deliver to wholesale purchasers during a three month period (known as the reduction period). This reduction period is compared with the same 3 month period in the previous calendar year (known as the reference period). The scheme is funded by the EU as part of its broader package of support for farmers facing market difficulties.
There may be up to 4 reduction periods:
Farmers will be paid 14 Euro’s / £11.87 per 100kg for the amount of cow’s milk eligible for payment. The exchange rate is that set by the European Central Bank on 31 August 2016
To apply, farmers must:
Clients should be aware of the following deadlines for submission of paperwork if they are considering applying to the scheme:
If you have any queries regarding the scheme, please contact one of the specialist solicitors at Myerson, who will be happy to assist.