EU-28: EU Announces New 500 Million Farm Crisis Aid Package
On July 18, 2016, the EU approved a new €500 million support package for European farmers that are still suffering from the ongoing price crisis. The aid package is similar to last year’s package, as it also includes €150 million for reducing milk production on a voluntary basis. The remaining €350 million is distributed among the Member States, which can top up their envelope with national aid. The seven point package includes further market measures for dairy and a market withdrawal program for fruit and vegetables.
