XM does not provide services to residents of the United States of America.

EU allows member states to boost farmer payments after protests



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>EU allows member states to boost farmer payments after protests</title></head><body>

BRUSSELS, Sept 13 (Reuters) -European Union member states can increase the funds they pay to farmers, the European Commission said on Friday, after protests by farmers earlier in the year forced policymakers to scale back climate rules.

The Commission said it would allow EU member states to pay higher advances of Common Agriculture Policy funds to farmers, which would allow them to receive up to 70% of direct payments in advance starting in October, and up to 85% in advance payments for area and animal-based interventions under rural development.

Such payments are currently 50% and 75%, respectively.

"EU farmers continue to face liquidity problems, notably due to extreme weather events which have had an impact on yields in recent years, as well as high interest rates on European financial markets and high prices of agricultural inputs and commodities," the commission said in a statement.

The Commission has taken similar measures before, notably in 2020 in response to the coronavirus pandemic.

Earlier this year, farmers blockaded roads to demand action on low incomes, cheap food imports, burdensome regulations and unfair competition from abroad.

Key portions of EU policy have been impacted as Brussels seeks to assuage farmers.

The EU withdrew a law to lower the use of pesticides, delayed a target for farmers to leave some land fallow to increase biodiversity and discarded a goal to reduce farming emissions from its 2040 climate roadmap.



Reporting by Makini Brice, Editing by Charlotte Van Campenhout and Louise Heavens

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.