The European Commission authorises higher CAP advance payments to farmers

Published Sep 17, 2024

Tridge summary

The European Commission has sanctioned member states to raise advances from Common Agricultural Policy (CAP) funds to support EU farmers facing liquidity issues. The advance for direct payments will increase from 50% to 70%, and rural development payments will increase from 75% to 85% starting October 16. This decision aims to mitigate the financial impact of extreme weather conditions, high input costs, and high interest rates. The measure is in response to requests from member states and aligns with the CAP's role in providing economic stability to farmers. The Commission has also mentioned previous measures for additional flexibility for farmers and the distribution of the agricultural reserve to help those affected by severe weather events.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The European Commission has approved an increase in advances from Common Agricultural Policy (CAP) funds to help EU farmers facing severe liquidity problems. This decision allows Member States to increase the advances for direct payments from 50% to 70% and for rural development payments linked to area and livestock from 75% to 85%, starting from 16 October. The measure responds to the current financial pressures caused by extreme weather conditions, high input costs and high interest rates, which have had an impact on incomes and financial stability in the sector. A number of Member States had requested this measure, in line with the role of the CAP in providing economic stability to farmers. The Commission also ...
Source: 3tres3
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