how Bruno Le Maire tries to reassure with out spending public cash | EUROtoday

Get real time updates directly on you device, subscribe now.

HASfter the President of the Republic's hectic go to to the Agricultural Show on Saturday February 24, the federal government is looking for to calm the anger of farmers. “I say this to all the supporters of degrowth. French agriculture is not Martine on the farm, it's production, it's power. We must re-agriculturalize France,” insisted the Minister of the Economy Bruno Le Maire on Monday afternoon, as a preamble to a gathering with stakeholders from the agricultural world.

The minister introduced to the farmers his “economic action plan” which included the vast majority of the bulletins unveiled by Emmanuel Macron, particularly the institution of a mortgage assure by the State to the tune of two billion euros and the institution of ground costs, launched in an Egalim 4 regulation. And to place into music these measures referring to farm money circulation, the minister is relying on the personal sector. “There is no public money available,” he admitted, after asserting final week 10 billion euros in financial savings.

State assured loans

This Tuesday, February 27, Bruno Le Maire subsequently continued his negotiations by assembly in Bercy with the president of the French Banking Federation (FBF), Nicolas Namias, and the boss of Crédit Agricole, Philippe Brassac. Result: the minister obtained the likelihood for farmers in issue to see their financial institution debt deferred for one yr then unfold over three years. And for these “who need to invest”, the tenant of Bercy introduced the institution of loans assured by the State at “preferential rates” of between 0 and a couple of.5%. This measure shall be carried out on 1er May, in opposition to the 1er July initially.

To decide which farmers will have the ability to profit from these actions, a census shall be carried out by departmental advisors, who will determine “the farms most in difficulty”, specified Bruno Le Maire. “All our advisors dedicated to agriculture are today available and in dialogue with our farmer clients,” assured Nicolas Namias, president of the FBF.

Change after all on ground costs

In addition to those monetary boosts, the opposite announcement which induced loads of response was the introduction of ground costs. This goal, formulated on Saturday by Emmanuel Macron after a gathering with agricultural unions, goals to “protect agricultural income […] so that farmers are not forced to sell below the average production cost of the sector.”

An announcement which got here as a shock since, a number of weeks earlier, Marc Fesneau, Minister of Agriculture, had opposed a proposed regulation to this impact tabled by La France insoumise. Olivia Grégoire, Minister Delegate accountable particularly for Consumer Affairs, then denounced measures paying homage to “Cuba or the Soviet Union”.

This change of path has not satisfied all agricultural stakeholders, like Arnaud Rousseau, president of the FNSEA, who requested for “some clarification” from the Head of State. “This suggests that there is some sort of annual or quarterly conference where we say ‘meat is worth this much’,” he famous. On the distributor facet, the boss of Intermarché, Thierry Cotillard, expressed his fears that ground costs represent “a brake on European competitiveness”.

The authorities has not but offered particulars on the applying of this measure. Next week, Bruno Le Maire should meet insurers to proceed implementing his financial motion plan.