The CAP Budget is Shrinking Fast, Removing any Leverage for Green Deal Investment

Farm Europe
Thursday, October 13, 2022
Following the Commission proposals on a Green Deal and Farm to Fork strategies, we’ve been hearing too often, including from Vice-President Timmermans, that any negative impacts on farmer’s incomes can be compensated by the Common Agricultural Policy. But the CAP budget is quickly shrinking. The culprit is high inflation, which reduces the real value of support. Direct support received by farmers is directly and heavily impacted. Even investment aids are impacted as the total amounts available shrink with inflation. Pillar I will lose a staggering 68.60 billion euros, and Pillar II 15.97 billion euros. Under those circumstances, finding a new political path to deliver the green deal, based on a green growth strategy for the agricultural sector is urgent, switching from a regulatory based strategy aiming at cutting productivity tools to a proper investment strategy fostering agronomic systemic approaches and innovation, embarking farmers on a positive path for both the economy and climate.
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