09.
09.20
09:35

2020 will be a particularly difficult year for French grain farmers

In France, this year's poor wheat harvest will drive more farmers into the red. Farms with less productive soils are even threatened with extinction.
Difficult vegetation conditions with an extremely dry spring and summer as well as insect infestation led to yield losses in the case of grain and rape. Now the sugar beet yields are also said to be poor.
In order to help the farmers in the largest agricultural country in the European Union, the government in Paris has now offered financial aid of 1.2 billion euros from the corona measures and promised that the ban on certain insect-damaging pesticides will be toned down .
The negative consequences of climate change are particularly evident in regions with poor soils. The losses this year are only a continuation of earlier lean years for the farmers. The consulting firm APCA estimates that 15% of French farmers will not be able to survive this marketing year economically.
Economic difficulties in the biodiesel production and sugar industries overshadow the prospects for rapeseed and sugar beet farmers.More than half of French farmers will post losses on their balance sheets this year.
2020 is a particularly difficult year for grain farmers in France. The advisor therefore calls for rapid state aid in the form of grants, tax cuts and favorable loan terms. The EU subsidies for grain farmers should also not be cut any further, because the calculation bases for this are based on years with higher market prices.

Source
Hansa Terminhandel GmbH
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