EU beef subsidies in 2002
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CTA. 2003. EU beef subsidies in 2002. Agritrade, January 2003. CTA, Wageningen, The Netherlands.
Permanent link to cite or share this item: http://hdl.handle.net/10568/52524
External link to download this item: http://agritrade.cta.int/Back-issues/Agriculture-monthly-news-update/2003/January-2003
On November 15th 2002 the USDA Foreign ...
On November 15th 2002 the USDA Foreign Agricultural Service issued a brief report reviewing EU aid in the beef sector. It broke down EU beef sector aid as follows: €1,977 million for suckler cow premia (slightly more than in 2001; € 1,788 million for special premia on steer and bulls, slightly higher than 2001; €1,184 million for slaughter premia; €891 million for extensification premia for the extensive production of 13.7 million head; €488 million for export refunds (a decrease from 2001); €466 million for storage costs of beef bought into intervention; €390 million for the systematic slaughter of bovines over 30 months old in the UK; €322 million as additional payments granted by member states in line with their own priorities; €75 million for compulsory slaughters when BSE cases have been detected. A total budget expenditure of €7,581 million in the beef sector for 2002 is anticipated, some 17% of the total EU agricultural budget. 55% of beef sector subsidies go to French, German and UK farmers. The Special Purchase Scheme was discontinued in March 2002, after buying 250,000 tonnes into intervention. Sales out of intervention started in the summer of 2002 and should total some 50,000 tonnes by the end of 2002. Under the Agenda 2000 reforms intervention buying has been discontinued as of July 1st 2002 and has been replaced by a Private Storage Aid Scheme.
SubjectsMARKETING AND TRADE;
- CTA Agritrade