Scottish farmland© Global Warming Images/REX/Shutterstock
The EU will slice the usual 1.4% off farmers’ 2016 direct payments to form an annual emergency pool of cash known as the agricultural crisis reserve. A chunk of the CAP budget is placed into this fund every year, equivalent to €400m (£320m) at 2011 prices. Last year the rate was set at 1.39%, this year 1.37% is proposed. The money, which is meant to fund emergency help when there is exceptional market upheaval, has not been tapped into so far. […]
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