ANNOUNCEMENT 17 Sep 2018

On 17 September 2018, the European Commission issued the financial report on payments made in 2017 under the European Agricultural Fund for Rural Development (EAFRD) 2014-2020 programming period. 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

European Commission, REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL 11th FINANCIAL REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL on the EUROPEAN AGRICULTURAL FUND FOR RURAL DEVELOPMENT (EAFRD) 2017 FINANCIAL YEAR, published on 17 September 2018: https://eur-lex.europa.eu/legal-content/EN/TXT/?qid=1537282168188&uri=CELEX:52018DC0629
European Commission, European Agricultural Fund for Rural Development (EAFRD): http://ec.europa.eu/regional_policy/en/policy/what/glossary/e/european-agricultural-fund-for-rural-development
European Commission, EUROPEAN STRUCTURAL AND INVESTMENT FUNDS, European Agricultural Fund for Rural Development: https://cohesiondata.ec.europa.eu/funds/eafrd

Inception date: 01 Jan 2017 | Removal date: 31 Dec 2017
Still in force

Financial grant

Payments made to Member States under the European Agricultural Fund for Rural Development (EAFRD) for the financial year 2017 has a total value of approximately EUR 11 billion (approx. USD 13 billion on 31 December 2017). This is a ca. 42% increase compared to the previous year. The payments made to member states in 2016 was approximately EUR 7.8 billion (approx. USD 9 billion on 31 December 2016).

The European Agricultural Fund for Rural Development (EAFRD) alongside the European Agricultural Guarantee Fund replaced the European Agricultural Guidance and Guarantee Fund (EAGGF) on 1 January 2007. The EAFRD is currently under the 2014-2020 programming period. The Fund has three overall objectives, namely: "fostering the competitiveness of agriculture; ensuring the sustainable management of natural resources, and climate action; and achieving a balanced territorial development of rural economies and communities including the creation and maintenance of employment."

The Fund finances rural development programmes in EU member states under these overall objectives. National programmes are designed in collaboration between the member state and the European Commission. The total budget for the period 2014 to 2020 is EUR 151,357,867,615.

AFFECTED PRODUCTS

 
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