Changes to Agricultural Protection Fund: Compensation and Contributions
New regulations make it easier for farmers and farmer groups to receive compensation from the Agricultural Protection Fund when a purchasing entity becomes insolvent. Rules for contributions to the Fund by purchasing entities have also changed, introducing annual instead of quarterly settlements.
Key points
A wider range of farmer organizations (groups, cooperatives) can apply for compensation for unpaid products.
Purchasing entities will calculate and pay contributions to the Fund annually, not quarterly.
A threshold has been introduced below which purchasing entities do not have to submit declarations or make payments immediately.
Specific criteria define which farmer debts to insolvent buyers are eligible for compensation.
The procedure for confirming unpaid debts by the insolvent buyer has been simplified.
100%
VOTING RESULTS
2024-12-05
For
442
Against
0
Abstain
1
Status:
Enacted
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