Over the past 14 months dairy farmers have been producing a highly valued product, but they have been doing so below the cost of production, the President of ICMSA, John Comer has said.

Speaking at the ICMSA AGM in the Castletroy Park Hotel in Limerick today, he said that this is not sustainable, nor is it tolerable.

Over the last year dairy farmers have seen a milk price collapse, he said, and no other words should be used to describe it.

ICMSA has estimated that the loss to Irish dairy farmers in 2016 relative to 2014 is €650m and €1.1 billion to the wider already struggling rural economy.

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