Additional €430 Million of EU Funds to Support Agri Sector

Additional €430 Million of EU Funds to Support Agri Sector

The EU Commission is proposing to mobilise additional EU funding for farmers across the Union 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, approval has been given for a €100 million support package for farmers in Bulgaria, Hungary, Poland, Romania and Slovakia, presented to the Commission in May.

The agricultural sector has been under pressure since the Covid-19 pandemic and the surge in prices of energy and agricultural inputs, like fertilisers, following the Russian aggression of Ukraine. The European Commission already adopted a €500 million support package in March 2022, as well as listed a wide range of actions to ensure the availability and affordability of fertilisers in November 2022. Rapidly decreasing agricultural product prices over the last year against the backdrop of still high input costs decreasing less rapidly – is causing liquidity problems for farmers, notably in the cereals and oilseeds, dairy and other livestock, wine, fruit and vegetable sectors. As a result of food inflation, consumer demand shifted away from certain products, like wine, fruit and vegetables, or organic products, creating further difficulties for producers.

In addition to this general adverse economic development, the Iberian Peninsula has been suffering from drought while certain Italian regions were affected by exceptionally severe floods, causing damage to local agricultural production and infrastructure.

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 the support of €330 million from the CAP budget. The countries may complement this EU support up to 200% with national funds.

The €100 million support package for farmers in Bulgaria, Hungary, Poland, Romania and Slovakia approved today by Member States will allocate €9.77 million to Bulgaria, €15.93 million to Hungary, €39.33 million to Poland, €29.73 million to Romania and €5.24 million to Slovakia. Farmers from these five Member States are facing issues related to logistical bottlenecks following large imports of certain agri-food products from Ukraine. Exceptional and temporary preventive measures on imports of a limited number of products from Ukraine entered into force on 2 May and will be phased out by 15 September 2023. A Joint Coordination Platform is also working on improving the flow of trade between the European Union and Ukraine via the Solidarity Lanes.

Image by PhotoMIX-Company/Via Pixabay.com/https://pixabay.com/service/license-summary/

 

 

Antoinette Tyrrell is a writer and journalist who started her career in print and broadcast journalism in Ireland. An English and History graduate of the National University of Ireland, Maynooth, she worked for 11 years in corporate public relations for Irish Government bodies in the Foreign Direct Investment and Energy sectors.

She is the founder of GoWrite, a business writing and public relations consultancy. Her work has appeared in a range of national and international media and trade publications. She is also a traditionally published novelist of commercial fiction.

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