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EU Dangles Farm Funding to Lock In Jan. 12 Mercosur Signing

The Commission offers earlier access to roughly €45 billion to win enough Council support.

Overview

  • EU agriculture ministers convene Wednesday in Brussels for a special session on the Mercosur pact and the Common Agricultural Policy.
  • Ursula von der Leyen’s letter proposes letting farmers tap about €45 billion from the next EU budget earlier than planned, starting in 2028.
  • Italy signaled a positive view of the concessions, with Rome seen as likely to support the deal in a Council step expected on Friday.
  • Further assurances under discussion include a €6.3 billion crisis fund and a review of import controls, including pesticide residue limits.
  • Regional farm groups in Germany plan Thursday protests in Mecklenburg-Vorpommern, and opposition remains strong in France, Poland and Hungary.