The Balearic Islands’ primary sector received €36.52 million in direct aid from the 2024 Common Agricultural Policy (CAP), an increase of €900,000 (3%) compared to 2023. The regional government, through FOGAIBA, also accelerated payments by 14%, with over 60% of funds disbursed before the end of the year.

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Balearic Primary Sector Receives €36.52 Million from 2024 CAP, 3% More than 2023

Key points:

• The 2024 campaign is the second under the 2023–2027 CAP framework, which recognises the region’s insularity and compensates for associated costs.
• The aid breakdown includes income support (nearly €23 million), eco-schemes (e.g., crop rotation, grazing, biodiversity), and coupled support for livestock and crops.
• By island:
  • Mallorca: €28.46 (4,135 beneficiaries)
  • Menorca: €7.16M (398 beneficiaries)
  • Ibiza: €804,545 (296 beneficiaries)
  • Formentera: €88,193 (36 beneficiaries)
• Additional agri-environmental and compensatory payments totalled over €14 million.
• The government stressed the strategic role of the primary sector in food production, landscape conservation, and rural balance.

Officials voiced concern over the European Commission’s proposal to cut CAP funding by 23% in the 2028–2034 budget, calling for institutional unity to defend the sector’s interests.