Common Agricultural Policy
- = CAPA policy set up by the European Economic Community to support free trade within the Common Market and to protect farmers in the member states. The European Commission fixes a threshold price, below which cereals may not be imported into the European Union (EU), and also buys surplus cereals at an agreed intervention price in order to help farmers achieve a reasonable average price, called the target price. Prices are also agreed for meats, poultry, eggs, fruit, and vegetables, with arrangements similar to those for cereals. The European Commission is also empowered by the CAP to subsidize the modernization of farms within the community. The common policy for exporting agricultural products to non-member countries is laid down by the CAP. In the UK, the Intervention Board for Agricultural Produce is responsible for the implementation of EU regulations regarding the CAP. Important reforms designed mainly to eliminate surpluses and to uphold environmental and production standards were agreed in 1984, 1988, 1999, and 2003.
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Common Agricultural Policy — ˌCommon Agriˌcultural ˈPolicy abbreviation CAP noun ECONOMICS FARMING in the European Union, a system of controlling the production and sale of farm produce, especially by paying government money to farmers to produce certain crops: • The… … Financial and business terms
Common Agricultural Policy — (CAP) in the law of the European Union, one of the very foundations, being the legal regime supporting the coordination of agriculture in Europe. Although included in the common market, it was necessary to make special provision for agriculture… … Law dictionary
Common Agricultural Policy — European Union This article is part of the series: Politics and government of the European Union … Wikipedia
Common Agricultural Policy — Common Ag|ri|cul|tu|ral Pol|i|cy, the the full name of the ↑cap … Dictionary of contemporary English
Common Agricultural Policy — (CAP) Originally created with three main components: a single market for agricultural products, with common prices; a common external tariff (CET) on agricultural imports; and common financial responsibility. Its core is the guaranteed price… … Glossary of the European Union and European Communities
Common Agricultural Policy — (CAP) The CAP is a system of European Union (EU) agricultural subsidies. Its origins are to be found in an agreement made between France and West Germany during the drafting of the Treaty of Rome which provided for guaranteed markets for… … Glossary of UK Government and Politics
Common Agricultural Policy — (also the CAP) the policy introduced in 1962 by the European Community, now the European Union, to protect European farmers. Under the system, farmers were paid even if they produced food that was not needed. Too much food was produced as a… … Universalium
Common Agricultural Policy — Die Gemeinsame Agrarpolitik (GAP) ist ein Politikbereich der Europäischen Union. Sie beruht auf zwei sogenannten Säulen: den gemeinsamen Marktordnungen und der Entwicklung des ländlichen Raums. Zuständig für die Rechtsetzung im Bereich der GAP… … Deutsch Wikipedia
Common Agricultural Policy — (CAP) the system of organization of farming in the European Union (EU). http://europa.eu/pol/agr/index en.htm … Geography glossary
Common Agricultural Policy — /ˌkɒmən ˌægrɪ kʌltʃ(ə)rəl ˌpɒlɪsi/ noun an agreement between members of the EU to protect farmers in EU countries by paying subsidies to fix the prices of farm produce. Abbreviation CAP … Dictionary of banking and finance