TALLINN (Sputnik) — European farmers have been hit by slumping food prices coupled by Russia’s embargo on EU food imports introduced in 2014, causing many of them to declare bankruptcy.
"In the current situation we have to cull 10 percent of our dairy herd. This means we will lose at least a thousand workplaces. This is a serious blow, so next Monday farmers will gather near Toompea Castle in Tallinn to ask for the state's support," Johan Syargava told the Estonian Television channel.
In total, Estonian agricultural producers could claim up to $167 million in damages due to low prices, undermined by cheap imports, according to experts’ estimates.
On Monday, some 6,000 European farmers protested in Brussels with the hope of urging EU authorities to financially support producers.