European Commission announces €500m package for farmers

The European Commission has presented a €500m comprehensive package of measures to support European farmers in Brussels today.

The proposals must now be debated by the European Ministers for Agriculture in Brussels today.

Speaking at the extraordinary Council of agriculture Ministers, Vice-President Katainen said the  package would allow for €500m of EU funds to be used for the benefit of farmers immediately. This is a robust and decisive response.

“This response demonstrates that the Commission takes its responsibility towards farmers very seriously and is prepared to back it up with the appropriate funds. This is particularly important, given other competing budgetary demands.”

The focus of this response is threefold: (1) addressing the cash-flow difficulties farmers are facing, (2) stabilising markets and (3) addressing the functioning of the supply chain.

The Commission will propose that the most significant part of the comprehensive package will be provided to all Member States in envelopes to support the dairy sector.

In determining the distribution of this aid, we will ensure that it is fairly distributed, targeted and effective, having particular regard to those Member States and those farmers which have been most affected by the market developments.

The Commission’s intention is to provide maximum discretion to Member States to reflect their specific situations.

The announcement should be seen in the context of considerable support already provided to the agricultural sector in response to the impact of the Russian ban and the level of support that the EU provides annually to farmers and rural communities, amounting to more than €50 billion.

Please be considerate of others when commenting. All comments posted are subject to our commenting policy. Comments violating this policy will be removed without notice.