Cyprus Mail
CyprusEnvironment

Extra funding boost for young farmers

The agriculture ministry on Wednesday informed the cabinet that it would be allocating funds exceeding €70 million, part of which will be used to attract young people to farming.

The decision has been taken in collaboration with the Cyprus Agricultural Payments Organisation (Capo).

More specifically, the ministry will allocate a total of €31 million to potential investments in livestock farms, whereas €5 million will be reserved for schemes specifically for young farmers. The rest of the funding is for schemes that are yet to be announced.

According to the agriculture ministry, there is a particularly high interest among the youth in Cyprus to invest and work in the primary sector.

“After examining all the relevant data, the agriculture ministry decided to increase its budget from €36 million, as originally planned, to €70 million to approve all eligible applications that meet the requirement criteria,” the ministry said.

“Supporting young farmers is a primary goal for the ministry, since they represent the future of Cypriot agriculture.”

 

Follow the Cyprus Mail on Google News

Related Posts

‘Political climate benefits Elam’

Andria Kades

British fighter jets dispatched from Akrotiri after Iran launches attack against Israel

Andria Kades

Snap National Security Council meeting called as Iran launches drones at Israel

Andria Kades

Cyprus suspends asylum processing for Syrians (Update)

Tom Cleaver

Bangladeshi nationals report abuse in police hands

Andria Kades

Govt to continue forest fire fighting measures

Nikolaos Prakas