EU to allocate €540M to farmers amid Middle East conflict

The European Commission has announced plans to allocate 540 million euros in financial aid to European farmers affected by rising fertilizer prices due to the situation in the Middle East, Report informs referring to the EC press service.

Earlier this week, the commission proposed replenishing the agricultural reserve with 300 million euros from the EU budget for 2026 in addition to remaining funds.

Furthermore, the EC put forward a proposal for targeted adjustments to the Common Agricultural Policy, which will allow member states to provide urgent support to farmers in accessing fertilizers.