EUROPEAN PARLIAMENT AGREES TO CAP BUDGET CUTS IMPOSED BY THE EU MEMBER STATES
March 1st, 2013
THE EUROPEAN Parliament (EP) has backed budget cuts to the Common Agriculture Policy (CAP) agreed last month by European Union (EU) heads of government and the move is expected to have a negative impact on EU livestock farmers. MEPs did not challenge the planned 11% reduction in the overall CAP spending for 2014-20 to a total amount of EUR373.18 billion, despite vocal opposition from some members when the budget deal was struck on February 8.The amount dedicated to direct subsidies to farmers over the next seven years is EUR277.85 billion, but livestock producers ...
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