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CAP under threat due to €12 billion Brexit shortfall

  • Ireland
  • General

03-05-2018

It has been reported that Phil Hogan, European Commissioner for Agriculture, has warned that the €12 billion shortfall in the overall European budget caused by Brexit is likely to impact on Irish farmers through cuts in EU-wide agriculture funding. Mr. Hogan is reported as saying that the Common Agriculture Policy (“CAP”) is viewed as an “obvious target for cuts” in many quarters of the EU.

The press report noted that a recent European Commission discussion document provided three budget options for the CAP: (i) a 15% cut; (ii) a 30% cut; or (iii) no change.

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