USDA Allows Carryover of Unused DEIP Quota
May 14, 1999
USDA will allow the carryover of unused dairy quota under
the Dairy Export Incentive Program for another 50,000 tons of products National
Milk Producers Federation says the action will help increase dairy
prices.
Agriculture Secretary Dan Glickman said the additional
products will include skim milk powder, whole milk powder and cheese to be
exported under the DEIP. Although the United States is subject to annual World
Trade Organization limits on the amount of dairy products subsidized under the
DEIP, the carryover totals represent the difference between what the United
States is allowed by the WTO to export and what actually was exported between
1996 and 1998.
Under WTO rules, a country may carry over to future years
any volumes and spending permitted, but not used, in a given year. European
Union nations have used this carry over technique to subsidize $200 million of
additional exports of rice, olive oil, beef and wine and has been increasing its
subsidy rates for dairy exports in recent months.
NMPF CEO Jerry Kozak said the action is "crucial to
both the short term and long term health of the U.S. dairy industry particularly
because our price support program will end in eight months. We need to maximize
the use of all of the tools available to us to remain competitive in the world
market.
"This additional volume of nonfat dry milk that we can
now export is worth about $100 million to the U.S. dairy industry," said
Kozak, "and it comes at a time when farm prices are anemic. This is a real
shot in the arm for the dairy producer
community."