EU to Propose Using 500-Million-Euro Crisis Fund for Farmers

The European Union will for the first time tap an agricultural crisis fund to cushion the impact of the ongoing war in Ukraine on food producers facing high energy prices and shortages of some key products.

The European Commission on Wednesday will propose using the fund’s nearly 500 million euros ($551 million) to support European farmers as part of a package to tackle the fallout of the invasion on the agricultural sector and to ensure food security in the bloc, an EU official said.