Addressing the Economic Challenges faced by Farm Businesses - Compendium of Practices

This compendium presents a selection of the various ways that the economic challenges, faced by farm businesses, can be addressed. The members of the Thematic Group provided a range of examples that illustrate the need for all relevant actors to help find solutions to the economic vulnerability of farming across the EU. This compendium illustrates how national authorities may enact legislation to reduce the economic burden on farm businesses and provide financial support to farmers to ease production costs. It also demonstrates how insurance providers can help reduce income volatility and mitigate risks caused by extreme weather events, as well as the key role that farming organisations can play in improving producers’ access to credit. Above all, the examples illustrate the opportunities for individual farm businesses through investment in cooperation, alongside ways to adapt their production methods to enhance resilience in a rapidly changing environment.