🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Tractors converge on Berlin for farmers' protest

Published 01/14/2024, 05:05 PM
Updated 01/14/2024, 05:12 PM
© Reuters. German farmers line up their tractors at the Strasse des 17. Juni in front of the Brandenburg Gate to prepare one day before a large protest against the cut of farm vehicle tax subsidies of the so-called German Ampel coalition government, in Berlin, Germa

BERLIN (Reuters) - Farmers and their tractors rumbled towards Berlin from every corner of Germany on Sunday ahead of a giant protest demanding a rethink of plans to tax farmers more.

Some 3,000 tractors, 2,000 trucks and 10,000 people were expected to fill the streets around Berlin's Brandenburg Gate on Monday for a rally that will cap a week of protests against the government.

The protests have heaped pressure on Chancellor Olaf Scholz's coalition as it struggles to fix a budget mess and contain right-wing forces.

Caught on the back foot, it has already agreed not to scrap a tax rebate on new agricultural vehicles and to spread over years the scrapping of an agricultural diesel subsidy.

But farmers, with the vocal backing of the opposition conservatives and the far-right, say this does not go far enough.

"Farmers will die out," said farmer Karl-Wilhelm Kempner on Sunday as he boarded a bus in Cologne heading for the demonstration. "The population must understand that far more food will be imported" if subsidies are not restored.

The government is showing a conciliatory face amid concerns that political debate in the country is becoming radicalised and that demonstrations could turn violent.

Finance Minister Christian Lindner will address the protest and coalition party leaders have invited leaders of the demonstrations for talks.

Disruption caused by protests and train strikes last week hurt coalition parties in the polls and propelled the far-right Alternative for Germany party to new heights.

© Reuters. German farmers line up their tractors at the Strasse des 17. Juni in front of the Brandenburg Gate to prepare one day before a large protest against the cut of farm vehicle tax subsidies of the so-called German Ampel coalition government, in Berlin, Germany, January 14, 2024. The banners read

In a video podcast on Saturday, Scholz said the government had listened to farmers' demands and compromised.

"We've taken the farmers' arguments to heart and revised our proposals. A good compromise," he said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.