The European Agricultural Guarantee Fund (EAGF) consumes a large part of the general budget of the European Union . It finances direct payments to farmers under the Common Agricultural Policy (CAP), as well as measures to regulate the common markets such as intervention and export refunds under both the CAP and the Common Fisheries Policy (CFP).
4-730: The EAGF and the European Agricultural Fund for Rural Development (EAFRD), which finances the rural development programmes of the Member States, were set up on 1 January 2007 following Council Regulation (EC) No 1290/2005 of 21 June 2005 on the financing of the CAP. They both (along with the earlier established Financial Instrument for Fisheries Guidance ) replaced the European Agricultural Guidance and Guarantee Fund (EAGGF), which had been set up by Regulation No 25 of 1962 on
8-871: Is one of the European Structural and Investment Funds which was set up for the financing of Rural Development Programme (RDP) actions by European Union Council Regulation (EC) No 1290/2005 of 21 June 2005 on the financing of the Common Agricultural Policy (CAP). Rural development is a vitally important policy area, affecting over 50% of the population of the EU and almost 90% of EU land. Farming and forestry remain central to rural economies , and rural development also focuses on revitalising rural areas in other ways. Furthermore, issues such as climate change , renewable energy , biodiversity and water management are becoming increasingly important aspects of
12-584: The EU's rural development policy. Over €200 billion in funding is available to support the implementation of 94 RDPs across the EU, for the programming period 2007–2013. Almost half of this money is provided by the EAFRD, overseen by the European Commission's Directorate General for Agriculture and Rural Development. EAFRD budgets in the RDPs are used to achieve a variety of rural development goals, including improving
16-700: The financing of the CAP (as amended by Regulation (EEC) No 728/70. The fund is administered by the European Commission and the Member States , the Fund Committee consisting of representatives of the Member States and of the commission. This article about the European Union is a stub . You can help Misplaced Pages by expanding it . European Agricultural Fund for Rural Development The European Agricultural Fund for Rural Development (EAFRD)
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