Agenda

€ 650 MILLION ADDITIONAL SUPPORT FOR THE AGRICULTURAL SECTOR

16/04/2020

 

Floriculture and specific components of food horticulture

A turnover damage settlement of 600 million euros will be introduced for floriculture and specific components of food horticulture. The scheme is for companies in these sectors that are experiencing a sharp drop in turnover. The sector cannot just stop a crop and a harvest. As a result, companies are faced with ongoing fixed costs, but also with ongoing production costs. The starting point is that the first 30 percent of the loss of turnover is for entrepreneurs and the government compensates a significant part of the remaining 70 percent of the damage.

French fries potatoes

French fries potato growers receive compensation for the amount of French fries that they still have in storage. The compensation applies to potatoes that can no longer be processed into French fries this season and amounts to 40 percent of the average market value for the period September 2019 to February 2020. A total of 50 million euros is available for this.