The European Parliament approved the reform of the common agricultural policy

By: Trademagazin editor Date: 2021. 11. 24. 11:15

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By a large majority, the European Parliament (EP) on Tuesday approved a reform of the EU’s common agricultural policy (CAP) aimed at making agriculture greener, fairer, more flexible and more transparent.

European Parliament accepted CAP

During the interinstitutional negotiations, MEPs managed to make it compulsory for Member States to use at least 10% of direct payments to support small and medium-sized farms and at least 3% of the CAP budget to support young farmers. They also voted for the creation of a crisis reserve fund with an annual budget of 450 million euros at current prices, which will be available to farmers in the event of price fluctuations. (MTI)