Corruption, the CBAM tax on fertiliser and the business model for farmers (VIDEO)

Growers are up against the wall – fertiliser prices are rising and finding a way out is becoming increasingly difficult. This increase in fertiliser prices and the CBAM tax on fertilisers has a direct impact on the competitiveness of farmers. All this is taking place against the backdrop of the war in Ukraine and the corruption scandal surrounding the State Service for Plant Production (SSP).

In the latest episode of "Ministry of Affairs", former Minister of Agriculture Ignas Hofmann reveals how the VAT corruption scandal may have started. He also explains why the current Minister Andrius Palionis did not oppose the introduction of the CBAM (Carbon Border Mechanism) tax, which increased the cost of agricultural production for Lithuanian and European farmers.

But there is good news. Valdemaras Jacikas has offered farmers, free of charge, a business model that is likely to reduce fertiliser prices and help optimise farm costs. Under this model, nitrogen fertiliser could cost, for example, as little as €240 per tonne.

For more on the impact of CBAM on the fertiliser market, agricultural policy decisions and the rise in farmers' costs, see this episode of „Ministry of Affairs“. Subscribe to the „Agrobite play“ channel on the „YouTube“ platform and take an active part in the debate on the future of Lithuanian and European agriculture.