EU allocates €98.6 mln to support farmers
The European Union member states have supported the European Commission’s initiative to provide €98.6 million from the agricultural reserve for farmers in Spain, Croatia, Cyprus, Latvia and Hungary. These countries have suffered significant losses due to adverse weather conditions and natural disasters that have affected their crops and farmers’ incomes since spring 2024.
In 2024, farmers in these countries were hit by drought, abnormal heat, hurricanes and heavy rains. In particular, Spain faced record drought and devastating floods, Cyprus suffered crop losses due to lack of rainfall, and Latvia was hit by frost and heavy summer rains. At the same time, in Croatia and Hungary, extreme heat negatively affected the cultivation of corn, sunflowers, soybeans and fruit.
Financial support is aimed at compensating farmers for losses and ensuring the stability of the agricultural sector in the affected regions.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
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