Commission to pay farmers €3.46m in flood relief

The European Commission will provide €3.46m from EU agricultural funds to help farmers from Latvia who had to face exceptional rainfall in the autumn, the Commission’s representation in Latvia said.

The Commission is aware of these particularly unfortunate conditions and is therefore delivering on the promise made by President Juncker to provide support to the affected farmers, the Commission said.

The aid provided to Latvia is part of an aid package of €15 million distributed among the three Baltic states and Finland. All four Member States will be allowed to pay a 100% top-up on the EU funds received. Member States have until September 30, 2018, to use the aid provided.

As reported, the Latvian Agricultural Ministry had turned to the European Commission with a request to provide financial assistance from the EU Solidarity Fund to deal with consequences from this summer’s floods.

The ministry had estimated that damage had been done to 76,900 hectares of crops and more than 13,000 tons of hay. Emergency situation was declared in 29 regions in Latvia. The preliminary loss has been estimated at €37.3 million.

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Economy
Economy