A scheme developed by the British government to limit overproduction of milk, whereby dairy farmers who cease production and waive their milk quota are offered financial compensation.
Origin
1980s; earliest use found in The Times.
Definition of outgoers' scheme in US English:
outgoers' scheme
noun
A scheme developed by the British government to limit overproduction of milk, whereby dairy farmers who cease production and waive their milk quota are offered financial compensation.