€430 million of EU funds to support the EU agricultural sector

Published 2023년 6월 28일

Tridge summary

The European Commission plans to allocate €330 million to provide additional funding for farmers in 22 member states who have been affected by adverse climatic events, high input costs, and market and trade issues. This support package is in addition to a €100 million package approved for farmers in Bulgaria, Hungary, Poland, Romania, and Slovakia. The Commission is also proposing higher advance payments of CAP funds and allowing member states to redirect funds towards investments that restore production potential after climate-related damages.

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Original content

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

Source: Pig 333