Seymour Crawford (Cavan-Monaghan, Fine Gael)
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Question 204: To ask the Minister for Agriculture and Food the number of gallons of milk quota transferred in each of the past five years under the old system; the number of gallons transferred to date in 2007 under the new system; if she is satisfied that the new system has achieved her stated ambitions for the scheme on behalf of young farmers; and if she will make a statement on the matter. [8154/07]

Mary Coughlan (Donegal South West, Fianna Fail)
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The following table summarises the volume of milk traded under the Restructuring Scheme since 2000.

Under the first stage of the 2007/08 Milk Quota Trading Scheme a total of 120 million litres was offered for sale, of which 73 million litres was successfully traded. This is a very encouraging first step in the process of moving to a more open market system of trading milk quotas in Ireland. I am satisfied that young farmers in particular have successfully bought quota under the new scheme. The second stage of the 2007/08 Trading Scheme will be run in April.