Canary Islands’ €487.5m farming and fishing plan: what it means for Fuerteventura

The Canary Islands Government plans to bring together €487.5 million for farming, livestock and fishing in 2027. The money will come from regional, Spanish state and European funds.

Narvay Quintero set out the figures to a parliamentary committee as he presented his department’s budget. He is the Minister for Agriculture, Livestock, Fisheries and Food Sovereignty. The figures were reported by Onda Fuerteventura on 5 November 2026.

The plan sets out regional funding priorities for 2027. These cover Fuerteventura’s farmers, livestock keepers and people working in fishing. But the report does not say how much each island will receive or when applications will open for each scheme.

Water, farm improvements and young farmers

The €487.5 million total includes €172 million in regional funds, €29 million in state funding and €286.5 million in European funds. Quintero said a further €23 million in regional funding was expected during 2027.

Across the islands, the plan includes €24.7 million for water infrastructure. This will fund work to improve irrigation networks and water storage systems.

A further €17.2 million will help modernise farms and livestock holdings. This funding will come through Spain’s Common Agricultural Policy Strategic Plan, known as PEPAC. There is also €7.5 million to help young people enter farming.

Measures to support the environment and climate on farms will receive €8 million. This is triple the 2026 allocation.

The expected state funding includes €8 million in subsidies to help cover extra water costs for farm irrigation. This covers water drawn from wells and galleries. It also covers water treated to remove salt, and reclaimed water.

Quintero said the priorities reflected the islands’ higher production costs, reliance on imports and limited water supplies.

Support for fishing and local produce

The fishing plans include €8.3 million through POSEICAN Pesca. This will help cover the extra costs faced by people in the trade because of the Canary Islands’ status as an outermost region.

A further €20.8 million from the European Maritime, Fisheries and Aquaculture Fund is set aside for processing, marketing and port equipment. Support for fishing guilds, federations and associations is also set to rise by more than €600,000.

The public company GMR Canarias will work to give local food producers more ways to sell their goods. It will focus on smaller firms. It will also build stronger links with tourism through the Crecer Juntos strategy.