France's PM unveils 500-700 million euro agricultural recovery plan as 2027 budget talks begin, aiming to address climate challenges and farm succession.
New funding for agriculture
The Prime Minister, Sébastien Lecornu, announced new financial commitments to the agricultural sector as the government begins discussions on the 2027 budget. A sum estimated "between 500 and 700 million euros" was proposed as part of an agricultural recovery plan, with the final amount depending on "consultations" with stakeholders and "parliamentary discussions" as the 2027 state budget is being examined by the National Assembly.Funds to be added to emergency plan
This amount should be added to the 1.2 billion euros of the emergency plan, taken from the 2026 state budget. These funds will be injected gradually as discussions on the 2027 budget progress, with some already in the draft and others subject to amendments by the government as soon as the National Assembly and the Senate begin their work.Announcement after meeting with agricultural groups
The Prime Minister made the announcement following a meeting with agricultural professional organizations on the steps of Matignon on October 15. The plan should address several themes, including adaptation to climate change, an insurance-related section, and a tax simplification section.Support for future agricultural projects
Lecornu cited the need to support the realization of future agricultural projects, with more than 800 already recorded, and announced the launch of a call for projects by the end of the year. The government also announced the creation of a "Geneva Pact" to facilitate the transfer of farms, aiming to ensure that no farm finds a successor.Pact named after agriculture minister
Source 2 refers to this as the "Genevard Pact," named after the Minister of Agriculture, Annie Genevard. Lecornu stated that this pact will allow "mechanisms for transferring farms" and acknowledged that the objective is to ensure that no farm fails to find a successor.Meeting to establish responsibility pact
In addition, the Prime Minister announced the holding of a meeting on December 1 to establish a "responsibility pact" between the upstream and downstream parts of the agricultural sector. This meeting aims to find a balance between the need for agricultural sovereignty, the agro-food industry, and purchasing power.Agricultural sector facing challenges
The agricultural sector is facing difficulties following a scorching summer and a drought that continues in several regions. The government has already released approximately 1.2 billion euros in emergency measures to assist the sector, which has been affected by repeated heatwaves and the increase in fuel prices.