“Dairy farmers have, over the past year, seen their transfer prices fall dramatically. Many have difficulty making ends meet,” said Eva Kjer Hansen.
“The money does not solve the problems. In the long run, we must bring Danish farmers out of the crisis by improving their competitiveness and opening access to more markets,” she added.
In October 2015, the EU Commission introduced a targeted aid scheme for European agriculture valued at $454m (€420m). The fund aims to assist farmers suffering the financial consequences of market disturbances in the livestock sector, as well as from Russia's import ban on a variety of agricultural products from the EU, and slowing Chinese demand for dairy products.
The Danish payout is expected in the first quarter of 2016.