The Common Agricultural Policy (CAP) is a system of European Union agricultural subsidies and programmes. It represented 46.7% of the EU's budget, €49.8 billion in 2006.
The CAP combines a direct subsidy payment for crops and land which may be cultivated with price support mechanisms, including guaranteed minimum prices, import tariffs and quotas on certain goods from outside the EU. Reforms are currently underway reducing import controls and transferring subsidy to land stewardship rather than specific crop production (phased from 2004 to 2012). Detailed implementation of the scheme varies in different EU member countries.
By 2013, the share of traditional CAP spending is projected to decrease significantly to 32%, following a decrease in real terms in the current financing period. In contrast, the amounts for the EU's regional support represented 17% of the EU budget in 1988, but will more than double to reach almost 36% in 2013.
The aim of the CAP is to provide farmers with a reasonable standard of living, consumers with quality food at fair prices and to preserve rural heritage. However, there has been considerable criticism of CAP.
Other articles related to "common agricultural policy, agricultural":
... W.228 Food Labelling (Amendment) (Wales) Regulations 2004 W.229 Common Agricultural Policy (Wine) (Wales) (Amendment) Regulations 2004 W.232 Common Agricultural Policy ... Appeals) (Wales) Regulations 2004 W.282 High Hedges (Fees) (Wales) Regulations 2004 W.283 Common Agricultural Policy Single Payment and Support Schemes (Cross Compliance) (Wales ...
... The 2007-2008 world food price crisis has renewed calls for farm subsidies to be removed in light of evidence that farm subsidies contribute to rocketing food prices, which has a particularly detrimental impact on developing countries. ...
... The CAP or Common Agricultural Policy was born of the Treaty of Rome ... The CAP set up an international agricultural organization that set prices for market goods like Fruit, Vegetables, Sugar and Cereal ... Some of the CAP’s other goals are to increase agricultural productivity, ensure a standard of living for the agricultural community, stabilize markets, to readily ...
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