On Tuesday 15 July, the think tank Farm Europe criticised European Commission President Ursula von der Leyen’s desire to cut the budget for the Common Agricultural Policy (CAP), “at a time when Europe needs more than ever a strong CAP to help its farmers” (see EUROPE B13680A3).
The think tank points out that the CAP has already suffered “a serious disinvestment shock” in recent years, due to inflation. This would leave a shortfall of almost two years’ direct payments over the...