The Canary Islands Ministry of Agriculture has increased by 1.7 million the credits allocated to subsidies to support investments in agricultural holdings up to a total of 16.3 million. This action represents a 32% increase in the number of beneficiaries who have accessed these funds, given that 118 new files have been added from the 487 who applied for the aid.
These subsidies, called in advance for the 2022 financial year, aim to "improve the economic results of farms and facilitate the restructuring and modernization thereof, in order to direct them to challenges related to the environment, climate change or animal welfare".
In addition, it aims to influence the improvement of the use of production factors with the introduction of new technologies and innovation, focusing on quality, organic products and diversity. the introduction of new technologies and innovation, focusing on quality, organic products and diversity. They also help farmers comply with new requirements imposed by European Union law.
The regional head of the area, Alicia Vanoostende, explains that from the autonomous department "we have made an important effort to increase the funds for this aid so that a greater number of petitioners can access it, in this case 118 new files." In this line, she stresses that "the subsidies are intended to improve the productive structures of agricultural holdings".
