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Greek Farmers to Receive €500 Million in Payments This Week

Greek Farmers to Receive €500 Million in Payments This Week

Hellenic Shipping News

Greece will distribute close to €500 million to farmers in the

Greece will distribute close to €500 million to farmers in the coming days, Agriculture Minister Konstantinos Tsiaras said in a radio interview on Wednesday, outlining a broader package of support meant to stabilize the sector amid ongoing challenges.

According to Tsiaras, several programs were already paid out over the weekend, including schemes linked to nitrate reduction, pest control initiatives, rare livestock breeds and portions of organic farming subsidies. Next week, authorities are set to release funds for “Measure 23,” activated for the first time in Greece, with a total budget of €178 million.

More Payments and Compensation Ahead

The minister detailed a series of additional payouts scheduled for the coming weeks. These include outstanding payments for older organic farming schemes, the remaining balance of basic income support, compensations tied to mountainous and disadvantaged areas, and €120 million in agricultural insurance payments. Farmers will also receive advance funding for replanting efforts linked to storm damage from “Daniel.”

Tsiaras said total financial support directed to farmers by the end of the year will exceed €1 billion.

Government Signals Openness to Dialogue

Acknowledging the difficult conditions facing producers, Tsiaras pointed to reduced yields last year, falling product prices this year

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Read Full article form Original Source OIKONOMIKOS TAXYDROMOS

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