EU CAP Health Check: Currently 20% of farmers receive 80% of subsidies: Plan to cap cash handouts to rich farmers like the Queen of England and Ireland’s Larry Goodman thwarted
May 20th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
EU Agriculture and Rural Development Commissioner Mariann Fischer Boel today presented her mid-period review known as the "Health Check" on the European Union's Common Agricultural Policy (CAP) to a committee of the European Parliament. Under the current regime, 20% of farmers receive 80% of subsidies and minor changes have been proposed. A plan to set a ceiling on cash payments at €300,000 annually, has been dropped after lobbying. A slight modification has been proposed in respect of rich farmers.