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Results 1-3 of 3 for 5 million segment:4151988

Seanad: Common Agricultural Policy: Statements. (2 Jul 2003)

In addition, the proposed rate of modulation has been reduced from 6% to 5% when fully operational and we also have the retention of the €5,000 franchise or exemption which will ensure that almost half of Irish farmers will not have modulation applied to them. My objective in ensuring that modulated funds are retained in Ireland for rural development measures has also largely been achieved....

Seanad: Common Agricultural Policy: Statements. (2 Jul 2003)

...what the Minister has achieved now – a removal of the proposed reduction of 13% in direct payments to meet future financing needs and the reduction of the proposed rate of modulation from 6% to 5%. The objective of retaining modulated funds within Ireland for rural development measures has largely been achieved. Modulation will commence in 2005 at the rate of 3%, 4% in 2006 and 5% in...

Seanad: Common Agricultural Policy: Statements. (2 Jul 2003)

The potential losses to the dairy sector from the net effect of the 4% intervention price reduction and the increase in the dairy cow premium amount to less than €14 million a year or 1% of the farm gate value of milk output. The additional 4% will amount to a 6 cent reduction per gallon equivalent. Of that 6 cent per gallon equivalent, 5 cent will be compensated for through the dairy cow...

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