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.