Farmer Protests Expand Across EU

Clip Season 49 Episode 4926
Farmer protests expanded across the European Union this week. Farmers in Bulgaria and Italy blocked traffic with their tractors in the expanding movement.

Farmer protests expanded across the European Union this week. Farmers in Bulgaria and Italy blocked traffic with their tractors in the expanding movement.

Transcript

Farmer protests expanded across the European Union this week. Farmers in Bulgaria and Italy blocked traffic with their tractors in the expanding movement.

The EU proposed rewriting its controversial plan to reduce pesticide use in response to the protests. The original plan has sought to reduce the use of pesticides in agriculture by 50 percent by 2030. The plan would cover farms in all 27 member states of the EU. 

Protesting farmers are also asking for protections from imports of cheaper agricultural goods, as well as shelter from higher input costs and support from the effects of a severe regional drought. 

Protesters in Bulgaria, the poorest country in the EU, argued that the war in Ukraine has depressed crop prices as Russia is selling grain below market rates to evade sanctions. 

(Bulgarian) Ventsislav Mitkov, Chairman of the “United Agricultural Producers”:  “The last two to three years have been a kind of hell for the Bulgarian farmer, we are surviving on the edge. The small and medium-sized agricultural producers in Bulgaria will be bankrupt for up to six months if there is no change: immediate payment of the delayed subsidies - and if we do not receive support because of the war in Ukraine.”

Elections for the EU Parliament are scheduled for June, and the concerns of farmers have taken center stage. The EU spends over 50 Billion Euros each year in agricultural programs and supports, and has proposed changes in agricultural practices in the union’s quest to reduce carbon emissions by 2040.

For Market to Market, I’m Peter Tubbs.

Read the Full Transcript

Watch More

    ClipSeason51Episode5146
    USMCA and other global trade are vital to rural America as discussed in our Market Plus.
    AudioSeason51Episode5146
    Data centers, inflation, oil and USDA reports dominate our Market Analysis with Chris Robinson and Ernie Goss.
    EpisodeSeason51Episode5146
    USDA sends two reports into the world this week for acres and stocks. A mid-year review of the economic picture in rural America. And, commodity market and economic analysis with Chris Robinson and Ernie Goss.
    ClipSeason51Episode5145
    Shawn Hackett talks how the reoccurring drought in Europe might be enough for a short rally in corn.
    EpisodeSeason51Episode5145
    The Senate goes to work on Farm Bill 2.0. State and Federal laws collide as the Supreme Court rules in favor of Monsanto. A growing effort to protect farmland from development. And, commodity market analysis with Shawn Hackett.
    AudioSeason51Episode5145
    Super El Nino is part of the discussion in the commodities markets with our Market Analyst Shawn Hackett.