Com. Agriculture policy in EU

One of the original pillar of EC
1. founders: BENELUX countries + ITA, DEU, FRA
The treaty of Rome -> principles and objectives of CAP 1958:
1. Increase productivity -> technical progress +optimum use of the factors of production
2. Fair standard of living for the community
3. Stabilise Market
4. Secure aviavility of goods and supplies
5. Food= good value for the money
6. No changes of objectives
"Wine Lakes" - 1980's
1. NO MARKET-for good produced
  1. Were stored and later sale atlower global market prices
Was the most expensive of EU's policies
1. With enlargment-> lesser part of overall budget
To direct cost EU consumers pay approximately €50bn more in higher food cost
1. Payment linked to animal welfare and environmental targets.
  1. Sugar regime-cuts guaranteed prices, aims to reduce overall production significantly. EU's sugar beet < Overseas
Since 1990's instead of productions, farmers are given direct payment
Today :
Benefits:
1. FRANCE- largest recipient- 20% of funds
  1. 2/3 goes to DEU, ITA, ESP, UK
    1. Largest per capita payments to Greece and Ireland
      1. EU farmers receive aprox. 74 % of funds
EU subsidising farmers and distorting markets
Financies:
1. Gross Nat. Income
2. Duties on Import
3. Taxes base

Resource summary

	Created by Kiyal Obozova almost 9 years ago