The first elements of the special aid package for EU farmers worth €500 million, announced in early September, have now been adopted by the European Commission. Draft rules for most of the other measures have also been presented to Member States and will formally be approved in the coming days and weeks. The largest part of the package is a targeted aid scheme worth €420 million, which is allocated to Member States.
To aid cash-flow difficulties, the Commission has also published a new Implementing Regulation which provides more flexibility to Member States to pay out earlier a greater share than usual of the Common Agricultural Policy Direct Payments and area related payments from Rural Development.
In addition to this, the Commission has finalised texts related to reinforced Private Storage Aid schemes for certain dairy products to address the market imbalance and increased funding for promotion especially on non-EU markets (+ €30 million). Furthermore, the Commission continues to monitor closely the pigmeat market and is ready to activate an enhanced Private Storage Aid scheme for pigmeat.
Friday October 2, 2015/ EC/ European Union.