Kiwi dairy­men set for bumper pay­out

Irish Independent - Farming - - Front Page -

in­comes are set to in­crease sharply.

This has fed the con­tin­u­ing con­ver­sion of for­mer dry­s­tock and tillage farms into dairy units, par­tic­u­larly on the South Is­land.

How­ever, there ap­pears to be huge scope for fur­ther ex­pan­sion, with just 12pc of key re­gions such as South­land cur­rently used for dairy pro­duc­tion. con­tin­ued growth in de­mand in Asian mar­kets.

Rabobank es­ti­mates that global dairy de­mand is grow­ing an­nu­ally by the equiv­a­lent of the en­tire out­put of New Zealand, or four times that of Ire­land's to­tal pro­duc­tion.

Mean­while, the Depart­ment of Agri­cul­ture has yet to set a date for pay­ment of monies un­der the Dairy Ef­fi­ciency Scheme.

A spokesman for the Depart­ment said the as­sess­ment of ap­pli­ca­tions for the scheme was be­ing as­sessed but he said the process was al­most com­pleted.

Close to 7,000 farm­ers ap­plied for the scheme and more than 6,000 are un­der­stood to have been cleared for pay­ment.

The scheme has a bud­get of €6m for each of its three-year du­ra­tion. The pay­ment for each suc­cess­ful ap­pli­cant will be close to €1,000 this year.

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