The EU is offering farmers €500 million in help to grow more crops

The European Union has announced a €500 million plan to help EU farmers plant more crops as part of measures to mitigate food price spikes and potential shortages resulting from the conflict in Ukraine.

Proposals announced today by the European Commission said the availability of food in the EU is not at stake at the moment, as the continent is largely self-sufficient for many agricultural products, but the agricultural sector is a net importer of certain products.

This vulnerability, along with high input costs such as fertilizers and fossil fuels, creates production challenges for farmers and threatens to push up food prices.

Among the measures announced today is a €500 million support package from the Common Agricultural Policy’s Crisis Reserve to support producers hardest hit by the severe consequences of the war in Ukraine. Ireland will receive €15.7 million under the proposal and can top up this budget with funds from the Irish Treasury if needed.

Through this funding, Member States can provide additional financial support to farmers to contribute to global food security or counteract market disruptions due to increased input costs or trade restrictions. The Commission said that priority should be given to supporting farmers who adopt sustainable practices, while ensuring that measures are targeted at the sectors and farmers hardest hit by the crisis.

A temporary derogation was also announced to allow food and feed crops to be planted on fallow land while maintaining the full amount of the greening premium for farmers.

This will expand the EU’s productive capacity despite the limited availability of fertile land.

The Commission also announced that certain temporary flexibilities to existing animal feed import regulations will help alleviate pressure on the animal feed market.

To improve food affordability, Member States can also introduce reduced VAT rates and encourage economic operators to contain retail prices.

The EU also announced a €330 million emergency EU assistance program for Ukraine, which will help ensure access to basic goods and services and protect the population. The program aims to help alleviate the suffering of Ukrainians by ensuring access to and protection of basic goods and services.

https://www.independent.ie/business/farming/news/farming-news/eu-offers-farmers-500m-in-aid-to-grow-more-crops-41478921.html The EU is offering farmers €500 million in help to grow more crops

Fry Electronics Team

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