Council Regulation (EC) No 1257/1999 (repealed)Show full title

Council Regulation (EC) No 1257/1999 of 17 May 1999 on support for rural development from the European Agricultural Guidance and Guarantee Fund (EAGGF) and amending and repealing certain Regulations (repealed)

[F1Article 33b U.K. Support for semi-subsistence farms undergoing restructuring

1. Support for semi-subsistence farms undergoing restructuring shall contribute to the following objectives:

(a) to help ease rural transition problems as the agricultural sector and rural economy of the new Member States are exposed to the competitive pressure of the single market;

(b) to facilitate and encourage the restructuring of farms not yet economically viable.

For the purpose of this Article, ‘ semi-subsistence farms ’ shall mean farms which primarily produce for their own consumption, but also market a proportion of their output.

2. To benefit from the support, the farmer must present a business plan which:

(a) demonstrates the future economic viability of the farm;

(b) contains details of investments required;

(c) describes specific milestones and targets.

3. Compliance with the business plan referred to in paragraph 2 shall be reviewed after three years. If the objectives set out in the plan have not been achieved by the time of the three-year review, no further support shall be granted, but there will be no requirement to repay monies already received.

4. Support shall be paid annually in the form of flat rate aid up to the maximum eligible amount specified in Annex II and for a period not exceeding five years.]

Textual Amendments