Oireachtas Joint and Select Committees

Tuesday, 10 February 2015

Joint Oireachtas Committee on Agriculture, Food and the Marine

Dairy Industry: (Resumed) Discussion

2:00 pm

Photo of Andrew DoyleAndrew Doyle (Wicklow, Fine Gael)
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Reference was made to intervention and market insurance schemes. It is said it is always easy for farmers and co-operatives to talk about this when the price is low but not when the price is high. There seems to be a trigger in, trigger out when prices reach a certain point. Intervention is set at world market prices, which really means it is ineffective. Have the banks any comments or observations on that?