The Irish edition of the Sunday Times newspaper quoted the Irish government and EU sources, as saying that should there be a collapse in beef and dairy prices due to a no-deal Brexit outcome, the European Commission has agreed to compensate the Irish farmers, Reuters reports.
Key Points:
“Farmers would be in line for hundreds of millions of euros in emergency aid to offset a market collapse and the loss of British customers
The compensation, similar to measures taken when Russia banned EU farm produce, could also apply to Dutch and Belgian flower producers and Danish dairy and bacon farmers, all of whom export heavily to Britain.”
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