Agricultural spending accounts for about 40% of the European Union's annual budget and has been at the heart of EU policy since the very start of the European project. As the last revision of the agricultural policy dates from 2003 and 13 countries have joined the EU since then, it is clear that it must be updated in order to face new challenges. EP, Commission and governments have now reached a tentative political agreement on how the reform package should look. Read on to find out more.
The three institutions sealed the political deal on 26 June 2013. It includes among others additional support for young farmers, stronger farmers' organisations and emphasis on environmental protection. The deal does not include capping direct payments to bigger farms and distributing funds between farmers as those areas depend on what happens with the negotiations for the EU's long-term budget.
Parliament will vote on the full package of new CAP regulations once the negotiations for the EU's long-term budget have been completed.
This feature will keep you updated on the latest developments in the negotiations on the common agricultural policy.