Decree No. 5 of 1997 of the Ministry of Agriculture on the regulation of the production cycle of cow milk. Country/Territory Hungary Document type Regulation Date 1997 (2001) Source FAO, FAOLEX Original source Collection of Hungarian Rules of Law in Force. Subject Agricultural & rural development, Food & nutrition Keyword Financial agricultural measures Milk/dairy products Contract/agreement Institution Legal proceedings/administrative proceedings Data collection/reporting Authorization/permit Geographical area Eastern Europe, Europe, Europe and Central Asia, European Union Countries Abstract This Decree determines, in accordance with EC regulations, the annual quotas of cow milk production. Quotas shall be published in the annex of the Decree until 30 September each year. Monitoring compliance is carried out by the Milk Board. Increase or decrease of individual quotas shall be proportional with general changes. Quotas may be allocated only to Board members. All changes in quota ownership shall be reported to and authorized by the Board. Milk producers may process the milk themselves or shall stipulate a contract with a processing plant. Where a producer can not place his milk on the market, guaranteed minimum prices and the buying up of milk are foreseen. Application for buying up shall be organized by the Ministry. Conditions of application and production restrictions are governed by an agreement stipulated between the Ministry and the Board. Full text Hungarian References - Legislation Implements Act No. VI of 1993 on agrarian market regulation. Legislation | Hungary | 1993 (2000) Keyword: Internal trade, Agricultural commodities, International trade, Agricultural development, Subsidy/incentive, Financial agricultural measures, Data collection/reporting Source: FAO, FAOLEX