EU proposes 540 mln euros in aid to help farmers cope with fertiliser costs

The European Commission on Friday proposed a package of measures, including 540 million euros (625 million U.S. dollars) in financial support and targeted changes to the European Union’s (EU) Common Agricultural Policy (CAP), to help farmers cope with rising fertiliser prices driven by geopolitical tensions and recent supply disruptions.
According to a statement issued by the Commission, the funding would provide emergency support to farmers most affected by the fertiliser crisis. EU member states may add national funding worth up to twice the amount they receive from the EU. If fully utilized, total available support could reach 1.5 billion euros (1.7 billion U.S. dollars).