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September 27, 2020
BUSINESS

Ciolos: Payment scheme and capped at EUR 300,000 per year for every farmer

The European Commission on Wednesday unveiled an overhaul of agricultural policy that is bound to put it on a collision course with European capitals, monstersandcritics.com informs. Agricultural aid – cherished by member states such as France – would be distributed under a uniform payment scheme and capped at EUR 300,000 per year for every farmer, under the proposals of the EU’s executive. The Common Agricultural Policy (CAP), which distributes farm subsidies, is the biggest item under the EU’s 2007-2013 budget plans, accounting for around 42 per cent of the total. ‘The coming decades will be crucial to lay the foundations of a strong agriculture, fit to brave climate change and international competition,’ European Union Agriculture Commissioner Dacian Ciolos said. ‘Europe needs its farmers. The farmers need Europe’s support,’ he added. The reforms, which are meant to take hold in the EU’s 2014-2020 budget period, also make aid available specifically for young farmers and those with properties that are small or located in areas with natural constraints.

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