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Business
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| Number of pages / Number of words: |
10 / 2752 |
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The CAP is administered by the European Agricultural Guidance and Guarantee Fund, with major policy and operational decisions (e.g. the fixing of annual farm prices) residing in the hands of the Council of Ministers of the EU. The farm sector is assisted in four main ways:
I. Approximately 70-75% of EU farmers benefit directly from the operation of a price-support system that maintains EU farm prices at levels much higher than world market prices...
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Approximately 70-75% of EU farmers benefit directly from the operation of a price-support system that maintains EU farm prices at levels much higher than world market prices. The prices of milk, cereals, butter, sugar, pork, beef, veal, certain fruits and vegetables and table wine are fixed annually and, once determined, are then maintained at this level by support-buying of output which is not bought in the market...
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