Young Farmers Receive Financial Aid

greek young farmersThe Greek government has launched a new program for young people wishing to live in the Greek countryside and become involved with agriculture and farming.

Greece’s national file for EU agricultural funds has allotted young farmers upwards of 400 million euros over the next six years. More than 18,000 young people are projected to receive financial benefits of approximately 50,000 euros. The goal is to incentivize agricultural work in the Greek countryside.

Specifically, 300 million euros will be divided amongst 16,000 upcoming farmers in order to facilitate their entry into agriculture. Additionally, 100 million euros will be directed towards more than 2,000 new agricultural start-ups.

Meanwhile,  the new national agenda regarding the Common Agricultural Policy, a system that divides the country into three zones and re-adjusts production values of individual Greek producers, has already proved very favorable for young farmers.

The policy ensures that young farmers under 40 years of age will receive a 25% bonus over other farmers. By withholding 2% of the funds, the estimated cost of the program amounts to roughly 50 million euros per year. A maximum cap on subsidies will also be implemented.