The CAP began in 1962. The policy is of the European Union. It talks about a system of agricultural supports and other programmes. The policy helped reduce Europe relying on imported food, however it led long to over-production.
It represents 48% of the EU's budget
The aim of the common agricultural policy (CAP) is to provide farmers with a reasonable standard of living, consumers with quality food at fair prices and to preserve rural heritage.
The CAP combines a direct subsidy payment for crops and land which may be cultivated with price support mechanisms, including guaranteed minimum prices, import tariffs and quotas on certain goods from outside the EU.
However, this expenditure needs to decrease and reforms are being made to the policy.
Promotes food production
Hinders food production
France was promoted as they are received many subsides due to their production of fruit and vegetables.
The Policy provides money to the farmers on the basis of their yield of how much they produce, but this is resulting to overproduction and waste of food.
The policy helps put food on Europe’s plate. Without it we would dangerously rely on import of food from other countries.
Too much of tax payer’s money has been handed out to the farmers yet they only contribute to 1.6% of the Unions GDP.
The policy is helping to product the rural communities of the EU. As it is encouraging farmers to grow more food, which means it will keep the rural areas undeveloped.
However the policy is helping the rich get richer as the CAP is providing them with money which they may not need.