Macron's election promise
5 billion euros for French agricultural sector
The French Prime Minister Édouard Philippe presented his 'Grand Plan d'Investissement' on Monday 25 September. It concerns a capital injection of €57 billion, which will be pumped into the French economy. €5 billion of this is earmarked for the agricultural sector, to fuel innovation and combat climate change.
The agricultural sector falls under the third pillar: 'competitiveness on innovation'. Over a period of 5 years, €5 billion will be invested in agriculture, agri-food, forestry and fisheries. Economist Jean Pisani-Ferry explained the plans on Monday 25 September. This fulfills an important election promise from President Emmanuel Macron.
5
year
Four spearheads for agriculture
Four priorities have been mentioned for agriculture. First of all, adapting and developing new forms of financing for the sector. Development must also take place in the area of climate change. This must take the form of water management, bio-based economy, renewable energy and the capture of carbon in the soil. The third point is to improve the competitiveness of the sector through restructuring. Finally, the feeding of research and innovation is mentioned as an important point.
No quick decisions
The pillars have yet to be discussed and supplemented by the States General for food. It will become clear in November what the details of the investment program will be. No decision is expected in the short term.
Niels van der Boom
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