EU farming subsidy reform

Sun, 29 Jun 2003 23:19:00 -0400
/economics

Good to see at least some progress made on abolishing the Common Agricultural Policy subsidies, AKA “let’s destroy the developing world’s ability to feed itself”.

Under this reform the size of the subsidy stays the same (£31 billion a year) but the size of each payment is now decoupled from quantity produced. This should check excess production and the environmental and social damage it caused.

A better explanation can be found here.