POST Online Media Lite Edition



 

Spain authorizes 300m euros aid to farmers for increase in price of fertilizers

Christian Fernsby |
The Council of Ministers has agreed to authorize the payment of 300 million euros in aid to the owners of agricultural exploitations in compensation for the increase in the price of fertilizers accumulated in recent months.

Article continues below




The measure, as explained by the Minister of Agriculture, Fisheries and Food, Luis Planas, is part of the Government's firm commitment to support farmers, ranchers and fishermen since the Russian invasion of Ukraine 11 months ago, which have had to cope with very notable increases in production costs.

The minister recalled that the prices of fertilizers have tripled in the last year, and that these are products that have a strategic nature for food production, without which harvests can be reduced by up to 20%.

Spanish farmers spend annually about 2,000 million euros on fertilizer products. Planas has been confident that these aids, with which it is a question of favoring the maintenance of the profitability of agricultural exploitations, will also have a reflection in the reduction of food prices.

The aid will be allocated to individuals or legal entities that own farms that have permanent crops and areas of farmland.

They will be granted per hectare to the surfaces of permanent crops and arable land (except fallows and temporary pastures) that have been eligible for the collection of direct aid from the Common Agrarian Policy (CAP) in the 2022 campaign, up to a maximum of 300 hectares, and a minimum payment of 200 euros is established.

It is estimated that the measure will benefit some 250,000 farmers.

The Spanish Agrarian Guarantee Fund (FEGA), in charge of instructing the aid, will pay it directly into the accounts of the beneficiaries, who will not have to do any additional paperwork to request it .

Luis Planas recalled that it is the same procedure that the Ministry of Agriculture, Fisheries and Food has already used to pay aid to milk producers for 169 million euros included in the first package of measures to deal with the consequences of the war in Ukraine that the Government approved last March.

Planas has reported that the ministry and the autonomous communities have already carried out verifications of owners and surfaces and that a provisional resolution with the beneficiaries will be published throughout the month of February, so that the payment can be made in spring.

The maximum amount of aid will be 22 euros per hectare in the case of rainfed areas and 55 euros per hectare for irrigated areas.

In the case of the Autonomous Community of the Canary Islands, the beneficiaries of these aids will be the natural or legal persons who own agricultural holdings that have these types of surface and that are included in the Register of Agricultural Holdings (REGEPA) as of May 31. of 202 and the surface for the calculation will be the one collected in it.

These aids are part of a broad package of measures from the Ministry of Agriculture, Fisheries and Food (MAPA) in this sector and which seeks to ensure access by farmers to the necessary amount of fertilizers to achieve productive and sustainable agriculture.

The royal decree that includes these aids also stipulates a deduction of 15% in corporate tax for spending on the purchase of fertilizers for use in agricultural activity.

In the same Council of Ministers in which these aids were approved, the go-ahead was also given to another royal decree establishing standards for sustainable nutrition in agricultural soils.

The fertilizer price index in 2022 reached historic figures, mainly in the case of nitrogenous products, the manufacture of which depends on natural gas coming mostly from Russia.

The latest report from the European Commission estimated, at the end of 2022, that this key input to ensure stable production and a sufficient supply of food had increased by 150% for nitrogen fertilizers between September 2021 and September 2022.

Although the price of nitrogenous and phosphate fertilizers has fallen in recent months from the peaks reached in April 2022 and, in some cases, is below what it was a year ago, they are still at abnormally high levels.

Luis Planas recalled that fertilizers are nutrients that promote correct crop growth and improve the yield and quality of crops, so it is a necessary product for sufficient and stable food production. The aid authorized January 31 by the Council of Ministers will allow farmers to improve the planning of planting and fertilizing crops,


What to read next

Spain exports largest volume of cucumbers in history
Dutch agricultural exports hit record level
The Netherlands, France and Spain EU's largest vegetables suppliers

Attorney General coalition probing asset managers’ activity regarding Chinese investments

 
Attorney General Steve Marshall joined a coalition of 17 attorneys general in demanding answers from the world’s top asset managers to determine if they are misrepresenting and omitting essential disclosures regarding Chinese investments.
 
 

Latest

Amazon announces 1,000 new UK apprenticeship opportunities for 2025
Novartis opens 40 mln euro plant in Slovenia
Cable laying begins for Tyrrhenian Link interconnector in Italy
Construction of Serbia-Hungary oil pipeline to begin by end-2025

NEWS

U.S.: Pacific storm will bring strong winds, heavy rain, and mountain snow

EPPO probes steel import tax fraud with searches in UK and Germany
Police investigate extensive data breach on Valio’s network
U.S.: Prolonged heavy rain and snowfall
Croatia: Investigation launched against 2 individuals and 1 company suspected of subsidy fraud
Latvia-Sweden subsea cable damaged in Baltic Sea
 

BUSINESS

Six contractors set to bid for Stad ship tunnel in Norway

New Cebu International Container Port construction begins
Baltic States join the European continental electricity grid
U.S. drillers add oil and gas rigs to 586
Manhattan Tunnel Project estimated to create 15,800 new jobs
U.S. oil rig count rises to 479
 

Trending Now

Novartis opens 40 mln euro plant in Slovenia

NIB provides loan to Tønder Biogas for one of Europe’s largest biogas facilities

bp and Iberdrola begin construction of Spain’s largest green hydrogen plant

New Cebu International Container Port construction begins


POLITICS

Trump raises aluminum tariffs to 25 pct, ends exemptions on steel and aluminum

Greece to protest Italian sale of aerospace giant Piaggio to Turkish drone manufacturer Baykar
South Africa raises national minimum wage to $1.55 per hour
Moldova announces tender for constructing wind, solar parks worth 200 mln euros
Denmark supports hydrogen pipeline to Germany with $1.1bn of subsidies
EU invests over €1.2 billion in cross-border infrastructure
 

Today We Recommend

Attorney General coalition probing asset managers’ activity regarding Chinese investments


Highlights 

Amazon announces 1,000 new UK apprenticeship opportunities for 2025

NIB provides loan to Tønder Biogas for one of Europe’s largest biogas facilities

bp and Iberdrola begin construction of Spain’s largest green hydrogen plant


COMPANIES

NIB provides loan to Tønder Biogas for one of Europe’s largest biogas facilities

Amadix to develop innovative diagnostic tests for early cancer detection
bp and Iberdrola begin construction of Spain’s largest green hydrogen plant
Cold-Link Logistics will create 123 new jobs in Robeson County, North Carolina
ArcelorMittal plans Alabama mill to produce electrical steel, will create 1,300+ jobs
Egypt unveils new Suez Canal navigation charts for expanded route
 

CAREERS

Ruslan Pereira promoted to head of sales for Lindemann’s South American region

Nazeem Noordali appointed CEO of International Islamic Trade Finance Corporation
Inizio appoints Colin Stanley as chief commercial officer
Bridgewest Group names operating partner and general manager, Europe
Keith Hale named group CEO to Unite Titian Software & Labguru (BioData)
Solithor appoints new CEO
 

ECONOMY

U.S. becomes New Zealand's second largest export destination

Indonesia goes from $0.6 billion deficit to $5.9 billion surplus
Greece to repay $5.3 billion bailout debt early
Fraser Institute: Canada’s debt ranking falls from best in G7 to 7th worst
Kuwait reports $5.2 bln budget deficit in FY 2023-24
Eurozone reports modest Q1 GDP growth, stable annual inflation
 

EARNINGS

Ericsson Q2 sales down but North America up

Lockton revenue $3.55 billion
Motorcar Parts of America Q4 sales $189.5 million
Limoneira Q2 revenue $44.6 million
Lululemon athletica Q1 revenue increased 10% to $2.2 billion
PVH Q1 GAAP EBIT $205 million
 

OP-ED

Micromanaging is the worst enemy of efficiency and teamwork

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?
 

AGRIFISH

Higher salmon volumes and U.S. growth resulted in record Norwegian seafood exports in January

U.S. resumes cattle and bison imports from Mexico under new protocol
Canada considers lowering tebuconazole residue limit on grapes, impacting U.S. imports
How expensive was agricultural land in Europe in 2023
Iran to import 50,000 tons of potatoes to stabilize prices amid rising food costs
JBS and partners donate 3 million tags to improve livestock traceability in Pará, Brazil
 

LEADERSHIP

Study: Missing a deadline has a bigger impact than you might think

Employers prefer younger job candidates for AI roles although experienced workers perform same or better
Study finds workers misjudge wage markets
Some organizations may need to expand their hierarchical structures earlier than others
Study finds there's right way and wrong way to deliver negative feedback in workplace
Allyship is critical and its needs appreciation
 

CRIME

Commission fines Pierre Cardin and its licensee Ahlers €5.7 million for restricting cross-border sales of clothing

BHP, Vale agree to pay $30B damages for Brazil dam disaster
Commission fines České dráhy and Österreichische Bundesbahnen €48.7 million over collusion to exclude common compe
SEC charges Keurig with making inaccurate statements regarding recyclability of K-Cup beverage pod
SEC charges John Deere with FCPA violations for subsidiary’s role in Thai bribery scheme
AG Bonta secures $3.9 million settlement with cryptocurrency company Robinhood
 

Magazine

TRAVEL

Radisson Hotel Group debuts in the heart of Tunisia’s capital city, Tunis

Morocco’s first Radisson branded hotel opens in Casablanca
Buna channels, an unreal and beautiful part of Bosnia and Herzegovina
JW Marriott unveils Mindful Haven with opening of JW Marriott Hotel Nairobi
Sotheby's Sports Week returns with fantastic artifacts
Red Roof properties open in Michigan
 

SEA, LAND, AIR

Citroën C3 Aircross, the most affordable compact SUV with 7 seats

2025 Chevrolet Equinox stands apart with fresh looks and capability
Hill Helicopters HX50, luxury in the sky
Opel Movano becomes fully equipped camper van
Porsche Panamera, new hybrid variants
Dodge Charger, 670 horsepower of electric
 

DESIGN

Cold night, hot fire pit, cool entertainment

Embellish your home with PVC panels
You'll have to hurry if you want one of 20 new Louis Vuitton watches
Luxury duvet looks good, fells good and keeps you healthy
Vacheron Constantin, watches for life and more
Schüller kitchens, where functionality marries design
 

GADGETS

MESA/Boogie Celebrates 40-year partnership with John Petrucci

reMarkable 2, monochrome tablet for your thoughts and your eyes
OnePlus Ace 3V, first with Snapdragon 7 Plus Gen 3
ASUS Zenfone 11 Ultra, flagship with a reason
Samsung Galaxy S24 is photography powerhouse
Casette tapes are making a big comeback, and so are portable players
 

HEALTH

Human cases of anthrax reported in western Mongolia

One more barrier to developing vaccine for HIV removed
Rwanda begins world's first clinical trial for treatment of Marburg virus disease
Rwanda restricts gatherings amid Marburg virus outbreak, to begin trials of vaccine
Teksas Attorney General reaches settlement in first-of-its-kind healthcare generative AI investigation
Potentially deadly fungal disease spreading in California
 

MEANTIME

India launches space docking experiment mission

World-first carbon-14 diamond battery made
Einstein Telescope step closer
Exoplanet-hunting telescope to begin search for another Earth in 2026
India to build first phase of its own space station by 2028
Roscosmos chief approves schedule of creating Russian orbital station through 2033