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The voluntary milk supply reduction measure in the July 2016 farm aid package

Last week the Commission proposed at the July AGRIFISH Council meeting a further aid package for farmers worth €500 million of EU money (and up to €850 million if Member States take up the opportunity to add national financing). This brings the total additional EU financing to support farmers since 2014 to €1.5 billion. The money for the latest package comes from unspent funds in the CAP budget and does not involve making use of the crisis reserve. In his address to COMAGRI outlining the package the following day Commissioner Hogan thanked President Juncker and the budget Commissioner Vice-President Georgieva for their support in making the package possible.… Read the rest