Last-second approval for €7.9m dairy aid package

At its final scheduled meeting Monday before the 12th Saeima began its term the Cabinet of Ministers managed to approve the appropriation of the €7.9m in promised advanced-payment compensation funding scheme for the national dairy-herds, the Agriculture Ministry announced.

The advance payments will ensure dairy herd productivity data measuring and valuing services. The support will cover 70% of the costs related to productivity control testing of dairy cows.

The support will suffice only for one or one-and-a-half months, noted the rural producers’ organization Zemnieku saeima.

The dairy sector is still waiting for specific support signals from the EU and is mulling attention-grabbing public participation “on the streets of Brussels.”

As reported, along with Russia’s embargo on food imports from the EU, Latvia’s dairy producers are having difficulties selling their resulting catastrophic oversupply.  The EU has agreed on a €20m compensation package for Latvian dairy farmers.

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Economy
Economy