The European Commission yesterday approved a radical reform to the EU’s Common Agricultural Policy (CAP), capping subsidies for EU farmers at 300,000 euros annually, and making the money independent of how much farmers produce.
The reform, which must be approved by the 15 member states before it takes effect, is designed to reduce agricultural production in the Union and to ensure that CAP money goes towards quality rather than quantity of goods. The move is supported by Great Britain and Germany, net payers into the CAP, but strongly opposed by France and Spain, net agriculture subsidy gainers.
Compiled by Tom Nicholson from press reports.
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11. Jul 2002 at 10:29