Germany Approves €1B Subsidies For Farmers

The ruling coalition of Germany approved allocation of the funds to support German agricultural producers in the context of tightening environmental standards in the European Union.

The CDU/CSU bloc (Christian Democratic Union of Germany / Christian Social Union in Bavaria) announced adoption of this package of measures on Thursday, January 30. Funds in the amount of €1 billion will be allocated over the next 4 years to assist the agricultural industry in adapting to the new EU legislation.

The head of the CSU, the prime minister of the federal state of Bavaria, Marcus Söder, noted that the decision was a « clear signal of support in difficult times » for this sector of the German economy.

Farmers in Germany and a number of other countries organized protests in connection with toughening environmental legislation. Protests in Germany took place during the fall and continued in January 2020. In Berlin, protesters blocked traffic on a number of streets with tractors.

source: dw.de

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