Common Agricultural Policy – Pillar II

13-07-2016

The Common Agricultural Policy (CAP) concerns the pooling of European Union resources spent on agriculture and aimed at protecting the viable production of food, the sustainable management of natural resources and a living countryside. Nearly 38% of the EU budget is spent on the CAP. Under the 2014-2020 Multiannual Financial Framework €408.31 billion is earmarked for the CAP, of which €99.6 billion is allocated to the second pillar. The second pillar of the CAP budget is financed under the European Agricultural Fund for Rural Development (EAFRD). The EAFRD is aimed at achieving the balanced territorial development of rural economies and at sustaining a farming sector that is environmentally sound as well as competitive and innovative.

The Common Agricultural Policy (CAP) concerns the pooling of European Union resources spent on agriculture and aimed at protecting the viable production of food, the sustainable management of natural resources and a living countryside. Nearly 38% of the EU budget is spent on the CAP. Under the 2014-2020 Multiannual Financial Framework €408.31 billion is earmarked for the CAP, of which €99.6 billion is allocated to the second pillar. The second pillar of the CAP budget is financed under the European Agricultural Fund for Rural Development (EAFRD). The EAFRD is aimed at achieving the balanced territorial development of rural economies and at sustaining a farming sector that is environmentally sound as well as competitive and innovative.