The Ministry of Agriculture announces aid to promote the cultivation of hops in Castilla y León, Spain

Published Mar 17, 2021

Tridge summary

The Ministry of Agriculture in Castilla y León, Spain, has allocated a budget of 70,000 euros for aid to the hop sector for 2021, with the possibility of an increase depending on the application numbers. This aid, up to 40% of eligible investment, is aimed at boosting hop production to meet rising demand, especially from Germany. The subsidy can be enhanced by 10% for young farmers in their first five years. The article also highlights a successful 2020 aid call that supported 21 beneficiaries with a total of 193,088 euros, underscoring the sector's potential for growth and modernization in Castilla y León.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Ministry of Agriculture, Livestock and Rural Development publishes today, March 17, in the Official Gazette of Castilla y León (Bocyl) the call for aid to the hop sector in the Community for the year 2021 with a budget allocation of 70,000 euros which may be subsequently increased depending on the requests that are submitted. This is the third call that is carried out within the framework of the regulatory bases for the granting of de minimis state aid for the sector. The increase in domestic demand is leading to an increase in hop imports, mainly from Germany. This situation makes it necessary for the hop sector to face a structural adjustment of its entire production system in order to meet this growing demand by promoting production, guaranteeing its permanence over time and its long-term profitability and viability. These aids are within this framework of aid to hop growers, which in Castilla y León reaches a primary importance since the Community exceeds 95% of the ...

Source: Castilla