Drop in milk prices will take €15 million out of Donegal’s economy

 

farming

The Deputy President of ICMSA, the state’s specialist dairy farmer organisation, has said that the current period of falling milk price will take at least €15 million out of Donegal’s economy compared to 2014 figures.

Mr Pat McCormack is warning these kinds of enormous losses could continue into next year.

He says the Government and EU Commission’s policy of non-intervention and complacency must end and an intervention price of at least 28 cents per litre introduced straightaway.

Mr McCormack said if the situation is not dealt with immediately, it will have a severe impact on Ireland's rural economy: