Investment Fund Established for Livestock Producers14 September 2012
FRANCE - With livestock producers suffering from high feed prices, a solidarity fund has been established by grain producers. It is expected this fund will lower the cost of production for producers as well as provide them with some means to invest in farm facilities.
The purpose of the solidarity fund is to improve the competitiveness of farms, for example by freeing up money to allow them to invest in anaerobic digestors to provide income supplements," said Mr Pinta, President AGPB (an area of FNSEA).
This solidarity fund will initially have around €100 million, based on the voluntary contribution of grain.
Further details will follow soon.
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