Tuesday, May 20, 2008

Common Agricultural Policy

The EU will spend 49bn euros (£33bn) on agriculture (subsidies) in 2005 (46% of the budget), while the OECD estimates the extra cost of food in 2003 at 55bn euros.
That's 100 euro per citizen per year.

Today the EC announced plans to change the policy and lower the subsidies. Farmers aren't happy with that so let's see what happens (read: how long french farmers have to put their tractors on the highways to make them bend).


pimp-a-lot bear said...

yeah, let's see. I really hope they change it this time

Kamiel said...

i really hope they get the subsidies to a minimum!

cybrbeast said...

Finally some progress. I hope they cut all of the subsidies. How much are they gonna cut? Article?