Drop CAP subsidy for bond, says TFA

23 February 2001

Drop CAP subsidy for bond, says TFA

SUBSIDIES paid under the CAP should be replaced by a single annual payment or bond, claims the Tenant Farmers Association.

TFA chairman, Reg Haydon, made the suggestion at the associations recent annual conference in London. "It is evident that the CAP is not working. Some £3bn has been put into agriculture over the past year and the industry is still in crisis," he said.

"The bond system is a radical yet revolutionary idea whereby producers would receive a single annual payment, based on subsidies received over a certain period."

The system would greatly cut the need for expensive administration and all production decisions would be de-coupled from support payments, added Mr Haydon. &#42