Spanish farmers and ranchers receive 70% of European aid
Published
The agricultural sector in Spain has received a significant economic injection in recent weeks. According to official data, more than 70% of the advance payment of direct aid from the Common Agricultural Policy (CAP) has already reached the accounts of the country's farmers and ranchers.
This transfer of funds has been managed by the Spanish Agricultural Guarantee Fund (FEGA). In total, the agency has distributed 1.85 billion euros intended to support agricultural professionals in their productive activities during this period.
The main objective of this aid is to provide liquidity to Spanish agricultural holdings. This financial support is essential for producers to meet operating costs and the investments necessary for the maintenance of their crops and livestock.
The CAP is one of the most important policies of the European Union and aims to guarantee food security and sustainable development in rural areas. The rapid distribution of these funds seeks to stabilize the economy of the primary sector in the face of current market challenges.
With this payment, the Spanish Government and European authorities are complying with the scheduled calendar for support to the countryside. It is expected that the rest of the pending payments will be completed in the coming months, thus ensuring the necessary backing for workers in the agricultural sector throughout Spain.
Sources: Demócrata
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