Fine Gael senator Tim Lombard believes that the possibility of a dairy reduction scheme being put in place is unlikely in the short-term.

“I’m not confident that there will be a reduction scheme. I think potentially it could come in the next 24 to 48 months, but at the moment, I wouldn’t bet my house on it,” Senator Lombard told the Irish Farmers Journal at a Fine Gael agriculture event in Bantry on Friday evening.