CAP is a very controversial policy and has undeniably resulted in some form of government failure. The CAP began in 1962 as a way to increase food production. It costs around Euro 55 bn per year in subsidies to farmers, funded by taxpayers. The Commission wants farmers to earn some of their subsidies, for example by protecting the environment, but farm ministers are fighting back. The subsidies available to some of the largest farm businesses can top Euro 1 million each year. Below are some interesting links to help you develop your understanding of the scheme and therefore aid you in your preparation for next week’s debate.
ben on World Bank slashes growth fore…