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[BUSINESS] · Sweden · 2 sources

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Swedish agricultural sector warns of 5 billion SEK funding gap

The Federation of Swedish Farmers (LRF) reports that a potential reduction in the EU budget could lead to a 5 billion SEK shortfall for Swedish food production. According to a report from the Swedish Board of Agriculture, proposed EU budget changes for the 2028–2034 period could decrease Sweden's earmarked agricultural funds by over 25 percent.

LRF Chairman Palle Borgström stated that the current funding trajectory makes it difficult to meet political goals regarding increased food security, biodiversity, and environmental protection. The federation warns that farmers cannot absorb these costs through reduced profitability, nor can households be expected to cover the gap through higher grocery prices.

In a related development regarding food security, representatives for Baltic Sea fisheries have criticized recent EU quota negotiations. André Nilsson, chairman of Östersjöfiskarnas PO, argued that ongoing fishing bans, particularly the cod ban affecting the period from May to August, undermine small-scale regional fishing and the supply of raw materials to processing industries.

Entities

European Union · Federation of Swedish Farmers · Palle Borgström · Sweden · Swedish Board of Agriculture