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With the aim of boosting the agricultural and forestry sector in Portugal, the CAP Strategic Plan (PEPAC), included in the Portugal 2030 Community Framework, presents a series of incentives designed to support farmers in the growth of their agricultural holdings. This article aims to clarify the main support available and help agricultural managers find all the necessary information for their project applications.
The agri-food sector is one of the largest economic sectors in the European Union (EU), employing around 10 million farmers and supporting approximately 40 million jobs in food processing, retail, and food services. Agriculture faces various challenges that generate uncertainty, namely climate change and market volatility. Stable income is essential to protect farmers against price fluctuations and poor agricultural seasons. Public support for the sector ensures EU citizens a constant and sustainable supply of food at affordable prices, a healthy environment, and preserved landscapes, in addition to guaranteeing high standards of safety, environment, and animal welfare.
It is based on these premises that the Common Agricultural Policy (CAP) was born. This policy consists of a set of laws adopted by the European Union to establish a unified policy for the agricultural sector in EU countries. Created in 1962 by the six founding countries of the then European Community, it is the oldest EU policy still in force. It is, therefore, a dynamic policy that has been adapted to the new challenges that European agriculture has faced. Ensuring food security, resistance to World Market fluctuations and price volatility, the prosperity of rural communities, efficient and sustainable management of natural resources, and the contribution to greener agriculture capable of helping to mitigate climate change, are some of the challenges highlighted by the EU.
Objectives of the CAP:
Strategic pillars of the CAP:
The Strategic Plan for the Common Agricultural Policy (PEPAC) in Portugal, for the 2023-2027 period, is a national adaptation of the CAP that aims to address the specific needs of the Portuguese agricultural and forestry sector.
In 2022, the agroforestry sector contributed more than 4 billion euros to the national GDP and reached an export volume exceeding 15 billion euros in 2023.
Thus, PEPAC is intended to reinforce the economic and strategic potential of agriculture and forestry in Mainland Portugal, with more than 2.8 billion euros of public support mobilised. The main objectives include:
Opening in the 3rd quarter
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Opening in December 2024
Premium cumulative with support for Young Farmers Productive Investment.
To maximise success in applying for PT2030 - PEPAC support, it is crucial to count on an experienced and trusted consultancy team. At Yunit Consulting, we offer specialised monitoring throughout the entire application process, from identifying funding opportunities to submitting the application and managing the project.
With vast experience in the sector, Yunit Consulting is a strategic partner for agricultural managers who wish to make the most of the available incentives.
What to expect from Yunit:
Schedule your meeting with one of our consultants now. Minimum investment: €150,000
Applications for Young Farmer are expected to open in the 3rd quarter of 2024. However, we advise you to start preparing your application in advance to ensure that you meet all eligibility criteria and have all necessary documentation when applying.
Young people between 18 and 40 years of age at the date of submission of the application, who are setting up on an agricultural holding for the first time.
Applications for farmer support are submitted to the funds counter. However, to apply, Agricultural Managers will have to draw up the application, or consult companies specialising in drawing up applications for Portugal 2030.
For the application, in most cases you will need to:
At Yunit, we have a multidisciplinary team capable of helping you successfully prepare and draw up your application. You can schedule your meeting here. Minimum investment: €150,000
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Last update: 19 June 2024
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