Friday, 14 May, 2021

The Sapin 2 law will oblige manufacturers to publish their accounts

A provision announced by the Minister of Agriculture Stéphane Le Foll to force manufacturers like Bigard or Lactalis to publish their accounts while they accuse the large distribution of the current crisis.

Stephane Le Foll

The Minister of Agriculture, Stéphane Le Foll, indicated that a provision of the Sapin 2 law would force manufacturers like Lactalis and Bigard to publish their accounts, in a daily interview. Release published Wednesday March 2. “Today there are manufacturers who do not publish their accounts. Like the dairy juggernaut Lactalis, and Bigard, the French meat giant. So they can always tell us that it is the fault of the large distribution, we lose money, etc (…) We do not know if they are telling the truth ”, explains Stéphane Le Foll on a daily basis.

“It is not legal but the penalties that are paid when they do not publish their accounts are so low that they choose not to publish them”, continues the minister who announces that the Sapin 2 law “will increase the amounts of sanctions. And shorten the procedure ”. “In addition, we will also modify the law on the modernization of the economy so that the price paid to the producer is now included in the contracts,” added Stéphane Le Foll.

Restore transparency in the sector

Asked about RTL, Finance Minister Michel Sapin confirmed that provisions would be introduced in his law to “restore transparency” to price negotiations in the agricultural sector. “A few years ago, under another majority, reforms were introduced in a law which made the strong become stronger and the weak, including farmers, became weaker”, underlined Michel Sapin.

“It is one of the causes today of the very great difficulty today on prices, on the capacities to negotiate between the elements of the sector. So we have to rebalance that. We have to restore transparency, so that we understand exactly where the margins are, who makes the margins ”, he continued.

The price negotiations between large-scale distribution and its suppliers (agro-industrialists and cooperatives), which ended on Monday, give rise to strong tensions each year, and are in the government’s sights. The law on transparency and modernization of economic life, known as Sapin II, will be presented at the end of March or early April in the Council of Ministers, and debated in parliament “before the summer”, assured Michel Sapin.

(with AFP)

Macron, Juppé, Sarkozy… Policies at the Agricultural Show

  • Jean-François Copé came on Friday March 4 at the Salon de l'Agriculture.
  • Jean-Michel Baylet at the Salon de l'Agriculture in Paris on Thursday March 3.
  • François Fillon at the agricultural show

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