Agricultural and Biological Sciences
8 years ago

EU Common Agricultural Policy: Transforming Agricultural Industry for Future Sustainability.

Management Theory and Studies for Rural Business and Infrastructure Development
The eu common agricultural policy for agricultural and rural development
Ilze Upīte, Irina Pilvere

Paper Summary

Related papers

Theme background image
Agricultural and Biological Sciences
8 years ago

European Agricultural Policy Destabilizes World Markets and Harms Developing Countries.

Agricultural Policy
Economics, Econometrics and Finance
3 years ago

EU agricultural policy changes to reduce food exports to Africa.

Trade Impact
Agricultural Policy
Agricultural Innovation
1 view
Economics, Econometrics and Finance
4 years ago

EU Agricultural Policy Reforms Threaten Trade Prospects for African Nations

Trade Impact
Regional Competitiveness
Agricultural Policy

The EU Common Agricultural Policy (CAP) was created in 1957 to protect and promote agricultural development in EU countries. Despite undergoing reforms, the CAP still accounted for 49% of the total EU budget in 2009. Funding for the CAP doubled from 1990 to 2009, but its share of the budget decreased by 13 percentage points. This policy was implemented due to the unique challenges faced by the agricultural industry, such as dependency on climate, market fluctuations, and high capital intensity.