The Commission's proposal enabling the recovery of the surplus levy related to the milk quota year 2014/2015 in 3-year instalments was approved by Member States and will enter into force after its publication in the Official Journal before the end of March.
Commissioner Hogan stated: "This measure is a significant move that provides considerable flexibility to farmers as well as significant cash-flow benefit to those farmers who might otherwise face a substantial bill in 2015, at a time when they may be investing to take advantage of the post-quota environment."
Producers having exceeded their quota for 2014/2015 will have the possibility to make their payments over a maximum of three years in zero interest instalments. Member States will have to indicate the number of beneficiaries under the scheme and the amount not yet recovered every year until the end of 2017. The first yearly payment shall be made by 30 September 2015.
Regulation (EC) No 595/2004 will be amended to include the newly adopted scheme.
