Evaluation of Agricultural Policy Reforms in the European Union
The Common Agricultural Policy 2014-20
The Common Agricultural Policy (CAP) is the primary agricultural policy instrument of the European Union. This report focuses on the new features and institutional context of the current CAP 2014-20, adopted by the European Parliament and the European Council in December 2013. Special attention is given to risk management instruments and environmental measures. The conclusions drawn in this report seek to inform future reforms of the CAP.
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Main components of the CAP
In many ways the CAP 2014-20 can be characterised as a continuation of the CAP 2007-13. Its overall funding is almost constant and the two-pillar structure is maintained. At the same time, new measures, increased flexibility and more binding instruments are introduced. This chapter points to those features that are continued from the previous CAP and discusses the new developments. Member states’ implementation choices are described and associated public expenditure are detailed. The OECD PSE framework that quantifies policy transfers and the CAPRI model of European agriculture are used to offer an ex ante assessment of the new measures.
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