The European Commission has proposed a €540 million financial aid package for European farmers, announced on June 12th. This support aims to mitigate the impact of soaring fertilizer costs, which are significantly impacting agricultural operations. The price increases are directly linked to the conflict involving Iran and disruptions in the Strait of Hormuz. The aid package is intended to help farmers maintain production levels despite the increased financial burden. It represents a response to growing concerns about food security within the EU. The Commission hopes this intervention will stabilize the agricultural sector and prevent further price increases for consumers. The program’s details regarding distribution and eligibility criteria are expected to be released shortly.