The Lithuanian government has allocated additional funding of approximately 6.2 million euros for very small farms and 4.24 million euros for small and medium-sized farms to support agricultural investment initiatives.
The Lithuanian government has announced an additional allocation of funding aimed at supporting small and medium-sized farms across the country. Specifically, approximately 6.2 million euros will be directed towards very small farms, which are likely to significantly impact the livelihoods of farmers operating at the smallest scale. Additionally, small and medium-sized farms will receive 4.24 million euros, which will facilitate the funding of applications that meet specified criteria, whether submitted through simplified or standard processes.
This financial support also extends to projects under the 'Investments in Agricultural Holdings' scheme, which is essential for various sectors such as dairy and meat production, pig farming, poultry, horticulture, berry production, vegetable growing, floriculture, and herbal farming. The total funding required for these initiatives stands at an additional 9.84 million euros, indicating a comprehensive approach by the government to bolster the agricultural sector in Lithuania.
The deadline for evaluating support applications has been extended to March 19th, allowing more time for farmers to submit their requests. This initiative not only demonstrates the government's commitment to the agricultural community but also highlights the importance of sustainable investment in the sector, which is crucial for the country's economic stability and food security.
