€430 million of EU funds to support the agricultural sector

Published 2023년 7월 3일

Tridge summary

The European Commission plans to provide additional funding to EU farmers affected by adverse weather, high costs, and market issues. A support package of €330 million will be distributed among 22 member states, and an additional €100 million will support farmers in Bulgaria, Hungary, Poland, Romania, and Slovakia. The Commission also proposes allowing higher advance payments and flexibility in redirecting funds towards investments to restore production potential.

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Original content

The European Commission proposes to mobilize additional EU funding for EU farmers affected by adverse weather events, high input costs and various market and trade related issues. The new support package will consist of €330 million for 22 Member States. In addition, Member States approved the EUR 100 million support package for farmers in Bulgaria, Hungary, Poland, Romania and Slovakia, presented on 3 May. Several other measures, including the possibility of higher advance payments, should support farmers affected by adverse weather events. Farmers in Belgium, Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Austria, Portugal, Slovenia, Finland and Sweden will benefit this exceptional support of EUR 330 million from the CAP budget. Countries can supplement this EU support up to 200% with national funds. In addition to this direct financial support, the Commission is proposing to ...

Source: 3tres3