Agricultural Policy: Winners and Losers
http://www.worldpolicy.org BSSB.BE 05.02.2015
ANATOMY THE EUROPEAN COMMON AGRICULTURAL POLICY: PREDICTED WINNERS AND LOSERS
The Common Agricultural Policy (CAP) is the European Union program of agricultural subsidies that aims to maintain viable food production, sustainable management of natural resources, and balanced territorial development.
Since 1962, the European Union has coordinated CAP, and the policy now comprises 40 percent of the EU’s annual budget. But not all policies are created equal. High-income countries disproportionately receive greater subsidies than low-income countries.
World Policy Journal highlights the biggest winners and losers of the recent CAP reforms, which distribute subsidies among farms more homogeneously, promoting organic farming and sustainable territorial development, as well as the importance of agriculture to each country and the steps that are being taken to right subsidy inequalities.
Compiled by Sophie des Beauvais and Cristobal Vasquez
Sources: European Commission, European Center for International Political Economy (ECIPE), Valentin Zahrnt Working Paper: “Public Money for Public Good”
Designed by Meehyun Nam-Thompson
Photo: The State Fund Agriculture released a report assessing the successes and failures of the SAPARD program in Bulgaria, which ends in 2009. Photo by BGNES