Dáil Éireann - Volume 632 - 01 March, 2007

Written Answers. - Milk Quota.

Mr. Crawford asked the Minister for Agriculture and Food the number of gallons of milk quota transferred in each of the past five years under the old system; the number of gallons transferred to date in 2007 under the new system; if she is satisfied that the new system has achieved her stated ambitions for the scheme on behalf of young farmers; and if she will make a statement on the matter. [8154/07]

  Mary Coughlan: The following table summarises the volume of milk traded under the Restructuring Scheme since 2000.

Year

Quantity sold into Restructuring (million litres)

(million gallons)

2000

282

62

2001

83

18

2002

111

24

2003

166

37

2004

174

38

2005

177

39

2006

15

3

Under the first stage of the 2007/08 Milk Quota Trading Scheme a total of 120 million litres was offered for sale, of which 73 million litres was successfully traded. This is a very encouraging first step in the process of moving to a more open market system of trading milk quotas in Ireland. I am satisfied that young farmers in particular have successfully bought quota under the new scheme. The second stage of the 2007/08 Trading Scheme will be run in April.