An Agriculture and Horticulture Development Board (AHDB) proposal to freeze levy rates for the second year running has been approved by UK Ministers.
The decision to hold 2014/15 levy rates for all industry sectors at the same level as last year was one of the recommendations made by the levy board in its 2014/17 Corporate Plan. This went to a six-week stakeholder consultation before being formally agreed by Ministers at Defra, Scottish Government, Welsh Government and DARD Northern Ireland prior to last week’s meeting of the AHDB Board.
“The decision not to change levy rates reflects industry concerns caused by one of the most difficult years for farming in over a decade,” said AHDB chief executive Tom Taylor.
“It’s the board’s considered view that the forecast levy income, supplemented with reserves where necessary, will be sufficient to fund AHDB’s proposed work programmes for 2014/15.”
The pig levy will be held at 85p/head for producers and 20p/head for processors. BPEX’s projected levy revenue for 2014/15 is £8.825 million.