Milk Production

Lord Curry of Kirkharle Excerpts
Thursday 15th January 2015

(9 years, 4 months ago)

Lords Chamber
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Lord De Mauley Portrait Lord De Mauley
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Yes, my Lords. Certainly, innovative deals such as that are of real value to farmers. Sadly, not all farmers are able to negotiate those deals, but we are working with them, as I have said, on various ways to resolve the problem.

Lord Curry of Kirkharle Portrait Lord Curry of Kirkharle (CB)
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My Lords, as the Minister knows, I was at the summit yesterday hosted by his colleague George Eustice. While the long-term prospects for the dairy sector would appear to be good, what is also clear is that volatility is now an ongoing feature of global trading. I am concerned, as is the right reverend Prelate, about the long-term sustainability of the British dairy industry and the fact that we may lose market share. I understand that the Irish Government have introduced five-year tax averaging for businesses, which has existed in Denmark for a long time. Would the Minister consider approaching the Treasury to see whether that might be possible?