The budget of the Common Agricultural Policy has shrunk significantly over the past decades, while the requirements for farmers continue to grow | Agri.BG
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Does the reform of the Common Agricultural Policy proposed by the EC for the period after 2027 actually lead to an increase or a decrease in financial support for agriculture in the European Union? We will attempt to answer this question using data and estimates contained in the opinion of the European Economic and Social Committee (EESC) on the future CAP. Read more: Inflation melts direct payments to farmers Yes. Over the past 40 years, the share of the CAP in the EU budget has decreased by 62% – from 65.5% in 1980 to under 25% in 2021. This shrinkage occurs alongside constantly growing demands on farmers, requiring more and more investment and administrative effort. Yes. As a share of the EU's gross domestic product, CAP funds are also shrinking. From their highest level of 0.66% in 1993, they drop to around 0.29% in 2024. It is precisely due to this trend that the EESC insists that the CAP budget in the next Multiannual Financial Framework (MFF) be restored to at least 0.5% of ...