The European Commission has set an "aspirational target" to double the share of young farmers in the Europe to 24% by 2024.
The commission has today (Tuesday, October 21) published its strategy aiming to address the issue of generational renewal in agriculture.
In 2020, the average age of farmers in the EU was 57, with only 12% under the age of 40. Of this younger group, only 2.5% were women.
The commission said that ageing in agriculture is faster than in other sectors, with far more farms being managed by farmers above retirement age (33.2%).
"Ensuring generational renewal, especially on family farms, is essential to maintain food security, transfer knowledge, and align productivity with sustainability," it said.
The EU Commission has highlighted five areas for young farmers that need "action urgently", including access to finance; education; training and skills; land; fair standard of living in rural areas; and assistance in succession and retirement.
The new strategy contains "concrete initiatives" to address these concerns such as:
The commission said that the strategy will be implemented through the current and future Common Agricultural Policy (CAP), complementary EU policies, initiatives by stakeholders, and national actions.
EU Commissioner for Agriculture, Christophe Hansen said that the new strategy aims to double the share of new and young farmers in the EU from 12% to 24%.
Each EU member state will be asked to "prepare a national strategy in their future budget plans to prepare for the next generation of farmers".
As previously announced as part of the proposals for the next EU budget, member states would be asked to dedicate "at least 6% of their ring-fenced Common Agricultural Policy (CAP) envelope to support young and new farmers".
The proposed new CAP will include a "starter pack" for young farmers, including support for setting-up with lump sums of up to €300,000, investment aid, access to financial instruments, access to training and advice, with CAP co-funding.
The commissioner said that the EU will also "better target direct payments to make sure that young farmers are supported as they should".
"We work closely with the European Investment Bank (EIB) to explore the possibilities of guarantee schemes and interest rate subsidies. Easier access to finance is essential.
"We will launch a European Land Observatory to keep track of available land, and prevent land speculation. To make it easier for new entrants to start farming.
"We also want to create a mentorship platform, linking retiring farmers with aspiring farmers. We all have much to learn from those who have been doing this job their whole life," he said.
The commissioner said the EU will improve work-life balance for farmers who need to take a break because they are sick, need to take care of a relative or simply want to go on holiday.
"We will co-fund the wages of the workers replacing them. We call this Farm Relief Service," he said.