News pig farmers
Germany expands corona support for agriculture
German agricultural companies can claim corona support for longer. The existing arrangements were originally scheduled to expire at the end of October, but are now being extended until the end of this year. Pig farmers in particular can probably look forward to money.
The German Ministry of Finance recently announced this, just before the crisis meeting where the difficult financial situation in which pig farms currently find themselves was discussed. Representatives from agriculture, meat processing and politics attended this meeting.
German variant TVL scheme extended
Although the corona support scheme will become available to all agricultural sectors, pig farms in particular are expected to be eligible for the support. Partly because of the corona pandemic, the sale of pork has been severely disrupted and farms are in major financial difficulties. The schemes are also based in Germany on the percentage loss of turnover that a company suffers.
Yesterday Clemens Tönnies, Germany's largest pig processor, already called for short-term financial support for companies throughout the chain. According to him, processing companies are also currently suffering significant losses. The lack of outlets has led to record quantities of pork in German cold stores. The stored volume would currently be at least 260.000 tons.
In addition to direct financial support, the options for tax deferral for pig farms are also being examined. In Germany this is regulated at provincial level. Agreements have already been made in the first province (Niedersachsen) to accommodate pig farms. It is being examined whether arrangements can also be made in other provinces.
Steve Wissink
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