Monday, November 23, 2009

EU Approves EUR100 Million Aid Package For German Farmers

BRUSSELS -(Dow Jones)- The European Comission Monday temporarily approved a plan by Germany to grant up to EUR15,000 for each farmer to help the sector weather the economic crisis.

The aid, amounting to EUR100 million, will be available through the end of 2010.

Falling farm prices have deprived German farmers of EUR6 billion in income, the commission said, citing data provided by the German government.

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