The CAP is financed by two funds, which form part of the EU's general budget:
- the European Agricultural Guarantee Fund (EAGF) finances direct payments to farmers and measures to respond to market disturbances, such as private or publiuc storage and export refunds, while
- the European Agricultural Fund for Rural Development (EAFRD) finances the rural development programmes of the Member States.
Multiannual Financial Framework 2014-2020 and the financing of the CAP
The overall amounts of the Multiannual Financial Framework (MFF) for the period 2014-2020 received the consent of the European Parliament on 19 November 2013.
Direct payments
http://ec.europa.eu/agriculture/cap-funding/budget/mff-2014-2020/rural-development_en.pdf
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