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French government promises €1B for drought-stricken farmers – POLITICO

By staffSeptember 4, 20261 Min Read
French government promises €1B for drought-stricken farmers – POLITICO
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Three schemes account for the bulk of the government’s spending under the new plan.

France will speed up payments under its “national solidarity” scheme designed to compensate for crop losses. It will be topped up to a total of €520 million, provided the country’s 2027 budget is duly adopted.

An “agricultural recovery fund” of €235 million aims to provide targeted support for the hardest-hit and most vulnerable farms across the produce, cereal and livestock sectors.

Finally, a targeted tax relief scheme on unbuilt land will cut €330 million in tax revenue for the state. The government is also considering extending a program helping farmers to purchase fertilizer and non-road agricultural diesel.

Genevard also suggested that the retail sector could “play its part” by keeping price rises in check.

Part of her plan is already funded for this year, but more cash will need to be allocated in next year’s budget, which is set to be presented by Prime Minister Sébastien Lecornu at the end of September.

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