The European Commission vice-president, Maros Sefcovic, described Wednesday's decision, which is expected to be rubber-stamped by member states within 15 days, as a helping hand for the sector at a difficult time.
We have had a number of extreme meteorological events, droughts, flooding in various parts of Europe, and there was a clear negative effect on the output, on the revenue, and of course, decreased income for the farmers. Combined with higher energy prices, the weather-related risks to crops meant farmers were now at a persistent pain point that was driving up the cost of production and squeezing revenues, Sefcovic said.
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