How can the Common Agricultural Policy (CAP) of the European Union (EU) be financed in the future? Should spending be reduced? Should there be more co- financing by member states? Or should the CAP undergo a redesign towards a more federal model with a stronger emphasis on rural development? This book will discuss two topics: Firstly, how the CAP needs to change in order to be financially feasible, and secondly how the CAP needs to be modified in order to help farmers restructure their businesses.

Following an introductory discussion of the Treaty provisions on agriculture, this illuminating work examines the four regulations that currently govern the Common Agricultural Policy in the areas of Direct Payments, Rural Development, Finance, and the Common Organisation of the markets and considers their interpretation by the European Courts. It concludes with an astute assessment of the proposals for further reform, which will give Member States greater discretion in fine-tuning the principles of the policy established at European level to the particular characteristics of their agricultural sector.

Inquiry conducted by Sub-committee D (Environment and Agriculture).

The CAP has traditionally been at the core of the European Communities and even now consumes half of the European Union's budget. This book emphasizes the long-term link between the CAP and the budget. It examines the aims of the Common Agricultural Policy as set out in the Treaty of Rome and discusses to what extent they have been achieved and whether they are relevant to the 21st century. The factors that have shaped the 1992 and 1999 CAP reforms are outlined, with the latter, in particular, demonstrating the budget's effect on CAP and CAP reforms. The internationalization of CAP with constraints being placed on it by the World Trade Organization is another important factor covered by the book. The 1999 reforms are measured against what may be allowed by the WTO and the demands of EU enlargement. This title is published in conjunction with UACES, the University Association for Contemporary European Studies. UACES web site can be found at www.uaces.org

The book describes the context within which the Common Agricultural Policy of the European Union has been established, the basic mechanisms of the policy for the main sectors of agricultural production and their adaptation over time in line with changes in the broader world economy; the changes in Eastern Europe, the problems of developing countries and the GATT-WTO Agreement in particular. An introduction by Franz Fischler, European Commissioner with responsibility for Agriculture, sets the scene for Community policy beyond 2000.

This book provides a stimulating account of agricultural policy which goes beyond a narrow concern with the mechanisms and operation of the Common Agricultural Policy (CAP), and instead constructs a broader canvas, developing an assessment of the relationship between national, international and supranational institutions and actors in the agricultural sector. Among the theses covered by the book are: the different national policy styles across Europe in this sector; the evolution of the CAP; safety and regulation, the environment, and technological developments in food production such as genetic engineering.