Farmers won’t get back €425m fund

Russia’s ban on food imports from selected countries is on course to reduce next year’s CAP spending in the EU by at least €425 million.

That is how much EU farmers have contributed this year to a crisis reserve designed to help EU agriculture through unforeseen difficulties.

With only a few weeks to go to the end of the EU financial year, it looked like the crisis reserve would go unused, and €425 million would be added to farmers’ direct payment receipts in the 2015 financial year.