EU wants to propose use of 500 million euros crisis fund for farmers

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The European Union will mobilize for the first time an Agricultural Crisis Fund to cushion the impact of the ongoing war in Ukraine on food producers facing high energy prices and shortages of some key commodities.

The European Commission will propose on Wednesday to use the fund’s nearly 500 million euros ($551 million) to support European farmers as part of a package to deal with the fallout of the invasion on the agricultural sector and ensure food security in the bloc to ensure, said an EU official.

EU Agriculture Commissioner Janusz Wojciechowski said last week the EU is also working on measures that would allow fallow land to be used to grow protein crops to avert feed shortages and measures to support the pork industry. Details will be announced by March 24th.

EU agriculture ministers on Monday discussed measures to support farmers suffering from the severe impact of the Russian invasion on inputs such as natural gas, fertilizer and animal feed. Ministers also pledged to consider other requests, including fertilizer autonomy.

“We are far too dependent on imports from Russia and Belarus in the fertilizer sector,” said French Agriculture Minister Julien Denormandie.

Read more: EU food policy shifts to security of supply as war pushes up prices

They spoke to their Ukrainian counterpart Roman Leshchenko and agreed to offer input and funding assistance to the country’s food sector, Denormandy said, adding that Leshchenko had to end the meeting earlier than planned due to an air raid siren during which he was speaking.

https://www.independent.ie/business/farming/agri-business/eu/eu-to-propose-using-500-million-euro-crisis-fund-for-farmers-41473185.html EU wants to propose use of 500 million euros crisis fund for farmers

Fry Electronics Team

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