The new CAP reform deal agreed last week indicates that huge losses will be suffered at individual farm and dairy sector level and in the national economy. The inescapable fact about the impact of the Fischler proposals on Ireland is that our dairy farmers who make up the main commercial core of Irish farming will lose out disproportionately as a result of these landmark EU reforms. "Reform" is the word on which we must concentrate. The emphasis of the proposals has changed. What we now bandy about as CAP reform was originally intended to be a review. This emphasis makes a huge difference to our dairy farmers. The annual losses in the dairy sector are projected to be €113 million per annum.