On Friday 15 June, the European Commission adopted a proposal aimed at reducing by 1.422% the amount of direct aid paid to farmers for the financial year 2019 in order to finance the crisis reserve.
The so-called financial discipline proposal is made each year and reduces spending under the Common Agricultural Policy (CAP) – specifically direct payments that are funded by the European Agricultural Guarantee Fund (EAGF) – in order to set aside €400 million (in 2011 prices) to cover...