No additional agriculture subsidies before 2016, says minister ({{commentsTotal}})

Ivari Padar Source: Photo: Postimees/Scanpix

Agriculture Minister Ivari Padar said there will be no top-up subsidies for farmers before 2016 and even that will depend on the upcoming elections.

Padar said the EU has earmarked an additional 6.9 million euros for Estonian farmers due to low milk prices, and that sum will be paid out in February.

The state decided against the top-up policy of adding its own subsidies on top of the EU financial support for farmer before Russia announced the import ban on EU foods. That figure was around 21 million euros per year.

Farmers could face difficulties come spring when cultivation work begins. Many have large loans, taken before 2013 in the light of a growing sector and promises of increased EU subsidies.

SEB, the nation's second largest private bank, alone has given out 150 million euros in loans to farmers. Meelis Annus, of Swedbank, said around half of farmers with loans have asked to extend loan repayments and more are expected to do so soon.

Editor: J.M. Laats

+{{cc.replyToName}} {{cc.body}}
No comments yet.
Logged in as {{user.alias}}. Log out
Login failed

Register user/reset password

Name needs to be fewer than 32 characters long
Comment needs to be fewer than 600 characters long

Independence Day: Estonia’s way into the future isn’t a race

There is a lack of connection between the Estonian state, and the people who live here. While it expects a lot of the state, Estonian society doesn’t seem ready to contribute, writes Viktor Trasberg.

Lotman: Security academy would be crucial Estonian identity point in Narva

In an opinion piece published by Eesti Päevaleht, Tallinn University professor Mihhail Lotman found it important to overcome the mental barrier separating Ida-Viru County from the rest of Estonia.