Under EU regulations, farmers holding suckler cow quotas greater than seven are required to use at least 90 per cent of the quota every year, otherwise the part not used will be forfeited and returned to the national reserve. Farmers holding quotas of seven or less are required to use at least 90 per cent of the quota in any one of two consecutive years, otherwise the part not used in the second year will be forfeited and returned to the national reserve. As these rules are prescribed in the EU regulations, I have no discretion in their implementation nor can I introduce any concessionary measures in contravention of those rules.
I announced recently that there will be a second application period for the 1999 suckler cow premium scheme in October next. This means that farmers who have not sold or leased their quotas during the May trading period will have an opportunity to do so in October. Quota that cannot be sold or leased during either trading period will revert to the national reserve and will be distributed from the year 2000 national reserve to eligible farmers who apply for, and require additional quota, in the year 2000.