Berlin wants to come to dairy farmers' aid with $228 million
Staff writer | ▼ May 16, 2016
Germany is planning to come to the aid of its struggling milk producers, whose livelihoods are being threatened by falling prices.
Article continues below
Chancellor Angela Merkel's conservative party is proposing more than 200 million euros ($228 million) in public funds.
"The government is working intensively on measures that could help ease the situation on the market," Agriculture Minister Christian Schmidt told regional media in an interview on Thursday, without specifying further.
Schmidt is calling a "milk summit" for May 30, bringing together all of the sector's players, from farmers to dairies and distributors.
Hundreds of milk farmers are seeing their livelihoods threatened by slumping prices as supply outstrips demand all across Europe.
Led by discount chains, many German distributors have cut the retail price of milk to 0.46 euros ($0.52) per litre, which producers argue is simply not profitable for them.
"It's important that we achieve a fair sharing of the burden all along the value added chain," Schmidt said.
"At the moment, it's only the farmers who are footing the bill. Dairies and distributors are still earning money."
While the minister remained vague about the possible mechanisms that could be used, members of his conservative CDU party were making more concrete proposals.
In the mass circulation daily Bild, CDU parliamentarian Gitta Connemann suggested a possible 80 million euros in subsidies for farmers' accident insurance, plus a further 150 million euros in public guarantees for loans to farmers.
Schmidt ruled out reintroducing production quotas, which had been the norm in Europe for 30 years until they were abolished last year.
Their abolition led some farmers to expand production and a fall in prices. ■ What to read next
A quasi-stationary front will be the focus for severe thunderstorms across central Texas and Oklahoma tonight.
Latest New York: Governor Hochul announces initiative to improve food benefit access for women, infants and children
Latitude Financial Services data breach leaked customer data from two service providers
TikTok CEO testifies before Congress. Lawmakers: You will say anything
United States Senators propose to raise mandatory pilot retirement age
Italy: EPPO to seize €149 million in investigation into VAT fraud on fuels
Massive fire breaks out at Seattle boat yard
Ransomware attack hits ship tracking firm Royal Dirkzwager
Tornado strikes Los Angeles suburb
Nationwide protests in France after Macron doubles down on pension bill
UK: ACS crime survey finds disturbing increase in shoplifting
EU countries spent 15.6 bln euros on buying gas from Azerbaijan in 2022
Wales’ new freeports unveiled
Three more ships leave Odessa with 112,000 tonnes of Ukrainian wheat
North Macedonia: EU provides €70 million investment grant for largest environmental protection project
Nigeria approves $984.7 million for maintenance of Nigeria Railway
Kyrgyz government imposes restrictions on exports of precious metals from country
Ukraine to create transformation fund for coal mining region to phase out coal industry
New York: 22 firms will spur more than $20 billion in investments, support 8,336 jobs, 3,930 new jobs to be created
Poland, Romania and Bulgaria will receive EUR 56 million due to large imports of grain from Ukraine
Today We Recommend Highlights
Japan Airlines announces firm order for 21 fuel-efficient 737-8 jets
Chinese state company wins Solomon Islands infrastructure bid as only bidder
Roche announces collaboration with Eli Lilly to enhance early diagnosis of Alzheimer's disease
Amazon faces new strikes after insulting pay rise
Moderna CEO defends $130 COVID vaccine price in Senate hearing
Vanda Pharmaceuticals appoints Tage Honoré to board
Akhona Qengqe to become KFC Africa’s new general manager
Marlabs appoints Usha Jamadagni as chief delivery officer
Rolls-Royce announces new leadership for Africa
AIG director William G. Jurgensen to retire
UK inflation unexpectedly accelerates to 10.4pc
Forecast shows Colorado’s strong economy to continue growing faster than nation
BiH records almost seven percent increase of exports
Hong Kong exports decreased
South Korea's export falls 17.4 pct for first 20 days of March
General Mills Q3 sales up 16%
G. Willi-Food revenues increased by 9.7%
Canadian Solar Q4 revenue increased
Syngenta Q3 sales increased
Foot Locker Q4 income decreased
Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
Louisiana: West Carroll man arrested for felony theft in Morehouse Parish
Argentina completed first export of bovine meat to Mexico
EU livestock population continued to decline in 2022
Avian flu detected in poultry house in Lithuania
Russia: Seeds of dangerous weed almost got to buyers along with vegetables seeds
Consumers less likely to support brands with unconventional spellings
HR practices have both positive and negative effects on employee mental health
CEO education is no guarantee of stock market success
How remote work affects managers
Incoming CEO's political views may drive director departure in firm
Poland: UOKIK fines Merida Polska $573,000
SEC charges DXC Technology for misleading non-GAAP disclosures
Investigation leads to takedown of darknet cryptocurrency mixer that processed over $3b of unlawful transactions
Chicago reaches $23.8m settlement agreement with e-cigarette maker Juul Labs
SEC charges Blackbaud for misleading disclosures about ransomware attack that impacted charitable donors
Five day street food festival in Mangaluru brings Indian food to city
Qatar International Food Festival is back
Me Auld Flower food and drink festival coming to Dublin for St Patrick's Day weekend
Ten days of Winter Festival, a time travel back to end of 18th century Norway
Strong Beer Fest in Munich invites visitors to taste potent brews
First GMC Sierra EV, power source on wheels
Ford Puma ST Powershift, most powerful 1.0‑litre EcoBoost engine
Toyota launches new Prius PHEV in Japan
Ariel Atom, serious motor sport or ultimate fun
ABT XNH, camper for those who want to expand their horizons
Wool coats, a timeless fashion investment
Venetto bedding, creating a beautiful bedroom space
Bed headboards, sleep like a king
Great rugs for generations responsibly made
Curved sofas, elegant and gentle
Mobile Fidelity UltraDeck turntable, extreme pursuit of highest level of reproduction
Nokia G22, good smartphone you can fix yourself
NAD C 3050 LE amplifier, a classic reinvented
Asus Zenbook S 13 OLED, ultralighta and powerful laptop with OLED display
Dynaudio Confidence means pure performance
China OKs its first mRNA vaccine from drugmaker CSPC
Tanzania confirms Marburg virus disease outbreak
Shortage of nurses should be treated as global health emergency
WHO accuses China Of withholding data on COVID-19 origins after report about raccoon dogs
Wyoming first U.S. state to outlaw abortion pills
New findings released from world's most powerful solar telescope
French court orders fishing bans to protect dolphins
Missouri ordered to reduce pollution levels
Brazilian researchers discover terrifying rocks made up of plastic debris
Glacier found near Mars equator