ICMSA, the Irish Creamery Milk Suppliers’ Association, announced this week that it will be reducing the milk levy contribution paid by its members by 33%. This reduction in the levy will apply for the remainder of 2022. The levy is based on a percentage of milk value.
The decision was apparently made in the face of the extraordinary rise in farm input costs.
“The year 2022 has been unprecedented so far with substantially increased milk prices. But the reality for dairy farmers is that the increased milk prices will be absorbed by the massive increase in inputs costs from fertiliser to feed to energy and all other input costs. Any shortfall in funding in 2022 will be addressed by savings made during 2020 and 2021 due to the Covid-19 lockdown,” a spokesperson for the farming organisation said.
ICMSA stated that it had started to resume normal activities once again, as Covid-19 restrictions have eased.
For more information about the Irish Creamery Milk Suppliers’ Association, see here.