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Farmers: President calls for profits to be passed back down the value chain


France

Farmers: President calls for profits to be passed back down the value chain

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Fresh from dealing with Greece, the French President is facing a crisis closer to home.

Ahead of the start of the August getaway, farmers are blocking motorway access around key cities like Lyon.

Despite a 600 million aid deal, some producers are still angry that they get less at the farm gate than others do at the till.

François Hollande told reporters it is vital that profit is passed on: “Not only would we like distributors to make the vital effort to remunerate producers fully, we would also like to make slaughter houses and processors right along the value chain aware of what is at stake in the industry.”

What’s the beef?

The government estimates 10% of French farmers could be facing bankruptcy.

Lower meat consumption, reduced demand from China and a Russian ban on EU food imports have hit the industry hard.

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