FOGAIBA pays 7.8 million euros of the first advance payment of CAP subsidies

Nov 13, 2023 | Current affairs, Featured, Revista Lloseta, Thursday Daily Bulletin, Tradition

The Agricultural and Fisheries Guarantee Fund of the Balearic Islands (FOGAIBA), an agency that depends on the Ministry of Agriculture, Fisheries and Natural Environment, has paid the first advance payment of aid from the Common Agricultural Policy (CAP) 2023. In total, it is 7,855,812.25 euros. The payment refers to the basic aid lines of the sustainability income (formerly basic payment) and the redistributive supplementary aid (small and medium farms). According to the conseller of Agriculture, Fisheries and Natural Environment, Joan Simonet, “after making the corresponding reviews to ensure that everything was in order, we started the first payment of this new CAP 2023. We are aware that we are facing a new period and that we have to adapt to new obligations that require in many cases more bureaucracy.”

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“This first batch of payment corresponds to aid to small farmers and for priority farms with the dossier already complete. But in the coming weeks we will make further payments in order to inject maximum liquidity into the sector. In addition, we are committed that next year this advance can advance even further and start paying it in mid-October, “said the counselor.

The highest item is the basic aid of the sustainability income (6,412,096.60 euros) while 1,443,715.65 euros are destined to the complementary redistributive aid. In detail, there are 3,509 beneficiaries: 3,123 from Mallorca, who will receive in this first advance a payment of 6,833,525.65 euros; 208 from Eivissa, with a total of 254,510 euros; 135 from Menorca, with a total of 693,449.59 euros; 26 from Formentera, with 34,139.04 euros and 18 from the mainland, with a total of 40,187.97 euros.

The ordinary payment period begins on December 1, 2023 and ends on June 30, 2024, but the Community regulations allow from October 16 until November 30 to make advance payments to provide liquidity to farms.

It should be recalled that the CAP 2023 campaign has resulted in an increase of 35.1% in financing with respect to the CAP 2022, since, for the first time, it includes compensation for the additional costs of insularity that the primary sector bears. If in last year’s campaign aid amounting to 27,359,254.65 euros was processed, in this 2023 the amount – provisionally – amounts to 36,949,814.24 euros, more than nine million more (9,590,559.59 euros) than in 2022.

In this regard, it should be recalled that direct CAP payments constitute approximately 90% of the total received from the European Agricultural Guarantee Fund (EAGF).