Agreement on the first major reform of the Common Agricultural Policy (CAP) in a decade won political approval in June 2013 after months of haggling over how ambitious the policy would be on overhauling direct payments, ending quotas, and making farmers more environmentally accountable. The long road to a deal means many policies won’t be implemented before 2015.
Launched in 1962, the Common Agricultural Policy, or CAP, is a system of EU agricultural subsidies and programmes comprising the biggest single budget outlay for the EU – some 38% of the overall budget compared to nearly 70% in the 1970s.
Tags: agriculture, rural development, direct payments, support, greening, overhauling, food production chain, liberalisation
Source: EurActiv, 2013-07-04.