The European Commission has green-lighted a 70 million euro Cypriot scheme to compensate damages from adverse climatic events in the agricultural sector until up to 2030, according to a press release.
The scheme is aimed at supporting farmers who have sustained damage to their crop and livestock production or to their fixed assets, stored products and production equipment due to adverse climatic events which can be assimilated to a natural disaster, such as storms, frost, hail, snowfall, heavy or untimely rainfall, high temperatures, temperature fluctuations, drought, extreme air conditions, and dust in the atmosphere.
Under the scheme, which will run until 31 December 2030, the aid will take the form of direct grants. The maximum amount of aid per beneficiary is €150,000 per year (and €500,000 over a period of five years).
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