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EU considering income insurance for farmers

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Wednesday, 30 June 2010

EU considering income insurance for farmers

The Commission européenne is considering proposals for a publicly-funded income insurance scheme for farmers as part of reforms to the bloc's farm policy from 2013, the EU's top agriculture official said yesterday (21 June).A second proposal to create a new agency to promote European agri-food products globally is also under consideration, EU Farm Commissioner Dacian Cioloş said at an event in Brussels organised by grain trade association Coceral. "We think of an instrument with a public or maybe a public and private contribution, with management at member state level or European level," Cioloş said of the insurance scheme proposal. He said new instruments were needed to ensure a minimum income for farmers after the EU gave up many of its market management mechanisms, such as automatic intervention storage, which will be used only as a temporary "safety net" in future.

Source: Euractiv