Skip to content

EU Proposes 1.5 Billion Package to Shore Up Food Security

  • Funds to go to farmers most impacted by high energy costs
  • EU also frees up 4 million hectares of land to grow crops
The EU is proposing measures including freeing up almost 4 million hectares of fallow land for crops.

The EU is proposing measures including freeing up almost 4 million hectares of fallow land for crops.

Photographer: Balint Porneczi/Bloomberg

The European Union is proposing a 1.5 billion-euro ($1.65 billion) funding package for farmers, plus freeing up fallow land for crops as it seeks to shore up food security after Russia’s invasion of Ukraine. 

Food prices have soared as the war cuts off most shipments from Ukraine, a major grain and chicken exporter. In the first ever release of agricultural crisis funds, the bloc plans to provide 500 million euros of funding for member states to distribute to farmers most impacted by high energy and fertilizer prices, officials said. EU nations could then top up those funds with their own resources to reach the 1.5 billion-euro total.