Parliament adopted measures designed to alleviate the impact on EU farmers of rising fertiliser prices
MEPs decided to fast-track the changes to the EU common agricultural policy (CAP)asproposed by the Commission, to ensure farmersget aidin time tobuy fertilisers for the nextgrowingseason.
To prevent a decline in production or food quality and growing prices for consumers, farmers will be able to receive liquidity support worth up to 80% of the additional fertiliser costs they incur. EU countries will also have the possibility to increase advances on direct payments from 70% to 75%and pay them to affected farmersdirectly aftertheyapply for them (and not only after 16 October as defined by the current rules).Member States willalsohave moreflexibilityto adjust theirdirect paymentsbudgetsfor next year.
The rules proposed by the Commission were adopted with 576 votes in favour, 62 against and 15 abstentions.
The text now needs to be formally adopted by Council and published in the Official Journal before it can enter into force the day after.
Fertiliserpriceshave adirect impact on food production as fertilisers account for up to 16% of input costs for farmers.
The EU relies on imports for30% ofthenitrogen-based fertilisersand 70% ofthephosphatic fertilisers used for agricultural production.EU fertiliserproductionmeanwhilerelies on natural gas.Both fertiliserpricesandenergyprices have beenrisingdue torecent geopolitical events, such as Russia’s war of aggression against Ukraineand,more recently,thesituation in the Middle East,and in particulartheclosure of the Strait of Hormuz.