On Monday 13 September, the European Commission presented two delegated regulations aimed at encouraging the wine sector to use risk management tools, particularly in the event of bad weather.
In addition, these acts, which still need to be agreed by the EU Council and the European Parliament, aim to extend - for the duration of financial year 2022 - several of the temporary emergency measures (distillation of wine in case of crisis, aid for storage of wine in case of crisis, reinforcement of support programmes in the wine sector).
The first delegated act also aims to encourage winegrowers to take out crop insurance. It is proposed to increase the EU contribution to this measure for more than one marketing year to giver this incentive time to have an effect.
Mutual fund. The second delegated act aims to encourage the development of mutual funds. Under the current rules for wine support programmes, beneficiaries of mutual funds are eligible for degressive EU support for the establishment of these funds (10% in the first year, 8% in the second year, 4% in the third year). However, experience has shown that such support rates have not proved high enough to encourage the creation of such mutual funds. Therefore, in order to stimulate the adoption of such a measure, it is proposed to double the Union’s contribution to the creation of mutual funds in the wine sector (see EUROPE 12711/15).
Link to these delegated acts: https://bit.ly/3ltUe9s (Original version in French by Lionel Changeur)