Belgium: Buy-out scheme for pig farms approved

Published Mar 13, 2023

Tridge summary

The European Commission has sanctioned a €200 million scheme in Flanders, Belgium, to reimburse pig producers for shutting down or cutting down their production capacity. This initiative is designed to SCHEDULE: reduce nitrogen emissions in the agricultural sector, a problem often associated with pig production. The scheme is accessible to small and medium-sized enterprises involved in pig breeding in Flanders. It will provide grants equal to up to 120% of the loss in value of assets (pigs and facilities) due to the capacity closure, until June 30, 2025.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The European Commission has approved, under EU State aid rules, a €200 million Flemish scheme to compensate pig producers for reducing or entirely closing their production capacity. The aim of the scheme is to reduce nitrogen emissions in the agricultural sector that result from pig production. The scheme is open to micro, small and medium-sized companies operating a pig breeding unit in Flanders. Under the scheme, the aid will take the form of direct grants amounting to up to 120% of the loss of value of assets, ...
Source: Pig 333

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