Fertilizer prices rise, farmers bear the cost, 580 million in subsidies are just a drop in the bucket, the EU's response is too slow.

CryptoWorld News reports that Spanish Minister of Agriculture Luis Planas stated that, due to the impact of the Iran war, fertilizer costs have soared significantly, and the European Union needs to provide billions of euros in financial aid to farmers to prevent crop yields from shrinking. Planas pointed out that Spain is taking the lead with national-level actions to mitigate this impact, having launched an aid program worth 500 million euros (approximately 580 million USD); in contrast, the current EU Commission plan has not yet addressed farmers' urgent need for financial assistance.