What support do cotton producers receive in Greece?

Published 2024년 7월 13일

Tridge summary

Cotton farmers in Greece, including Yorgos Karanikas, who lost his crop due to flooding, are receiving special support and compensation. The government has provided an advance payment of 1400 euros per hectare, and a compensation of 2017.40 euros per hectare is expected. Cotton production in Greece varies in price and yields around 4,500 kilograms per hectare. The flooding has severely damaged farmlands, leaving them unsuitable for cultivation, and farmers are facing significant losses. However, Karanikas remains hopeful and plans to return to his previous production scale by 2025.

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Original content

In addition to the basic area payment, cotton growers in Greece receive a special support of €730/ha per year. Read more: Farmer earns nearly €550,000 selling meat and milk every year Due to the floods in September 2023 in Thessaly and the losses suffered by the cotton producers in our southern neighbor, 1400 euro/ha has been transferred as an advance payment by ELGA - a compulsory national insurance scheme. In addition, with a decision of the Council of Ministers dated 06/11/2023, compensation was determined in the amount of 2017.40 euros/ha. Cotton production in Greece is around 4,500 kg/ha, with the price varying in recent years between 0.40 and 0.98 euros/kg. According to the latest data, prices are around EUR 0.60-0.65/kg, agro-journalists learned during a working visit to the affected areas, in which the Agri.BG team also participated. On the spot, we met one of the affected farmers. Yorgos Karanikas is 33 years old, agronomist by education. He inherited the land from his ...

Source: Agri