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French Agriculture Minister Unveils Financial Aid for Struggling Farmers

Annie Genevard announces state-backed loans and social contribution exemptions to support farmers facing severe financial challenges.

  • The French government introduces two financial aid tools: a short-term loan for temporary issues and a long-term loan for debt restructuring, both with reduced interest rates.
  • State-backed loans are guaranteed up to 50% by the government, providing a safety net if farmers default due to financial distress.
  • An additional €20 million has been allocated to exempt the most financially distressed farmers from part of their social contributions for 2024.
  • The announcement includes €20 million for 48 agricultural water projects across France, aiming to secure sustainable water access.
  • Minister Genevard expresses strong opposition to the EU-Mercosur trade agreement, citing potential harm to French agricultural production.
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