LEASE QUOTA OR LOSE AID
FARMERS could lose out on sheep and beef premium claims if surplus milk quota is not leased out by the end of the milk year, warns chartered surveyor Webb Paton.
IACS forms to be submitted by May 31 will take into account quota held on farm on Mar 31, 2001. However, this excludes quota leased out, bought or sold.
Each 5050 litres of quota held on Mar 31 counts as one livestock unit, and must be subtracted from forage area that would otherwise be available for sheep and beef claims.
Therefore, anyone wanting to make such claims in the coming year is advised that it would be worth offloading milk quota even if it is leased for nothing, says Webb Paton. *