ANNOUNCEMENT 20 Dec 2013

In December 2013, the EU established the 2014-2020 budget of the European Agricultural Fund for Rural Development (EAFRD), the second pillar of the Common Agricultural Policy (CAP) framework.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 1 neutral
  • 0 liberalising

SOURCE

EUR-lex. Official Gazette. "Regulation (EU) No 1305/2013 of the European Parliament and of the Council of 17 December 2013 on support for rural development by the European Agricultural Fund for Rural Development (EAFRD) and repealing Council Regulation (EC) No 1698/2005". 20/12/2013. Available at: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32013R1305&qid=1619682778192

European Commission. Common Agricultural Policy. Available at: https://ec.europa.eu/info/food-farming-fisheries/key-policies/common-agricultural-policy_en

European Commission. Rural development. Available at: https://ec.europa.eu/info/food-farming-fisheries/key-policies/common-agricultural-policy/rural-development_en

European Commission: Rural development programmes by country. Available at: https://ec.europa.eu/info/food-farming-fisheries/key-policies/common-agricultural-policy/rural-development/country_en

Updates

European Commission. EAFRD financial reports. Available at: https://ec.europa.eu/info/food-farming-fisheries/key-policies/common-agricultural-policy/financing-cap/cap-funds/eafrd-reports_en

Inception date: No inception date

State aid, unspecified

On 20 December 2013, the EU adopted Regulation (EU) 1305/2013 that establishes the budget and rules for the rural development policies financed under the European Agricultural Fund for Rural Development (EAFRD). The EAFRD budget for the 2014-2020 period was set at EUR 95.6 billion (approx. USD 130.7 billion). Notably, the fund represents the second pillar of the Common Agricultural Policy (CAP) framework.

Regulation (EU) 1305/2013 sets out three objectives of rural development support, including fostering the competitiveness of agriculture. The EAFRD can finance a series of measures, including aid for investment in physical assets, for business development plans, for investments in forestry technologies and marketing of forestry products, for organic farming, and for stabilising farming incomes if they drop 30% the annual average.

Member States need to elaborate rural development programmes (RDPs) which shall be approved by the Commission in order to obtain financing from the EAFRD. These regional development programmes are co-financed and implemented between the Member States and the Commission. For detailed information on the RDPs, please see the related state acts.

EU's CAP framework 

The CAP framework is the EU-wide agricultural policy first launched in 1962, and it aims to support farmers and improve agricultural productivity, ensuring a stable supply of affordable food. It provides three main types of support: (i) income support measures, (ii) market measures; and (iii) rural development measures. The two first are primarily financed by the European Agricultural Guarantee Fund (EAGF); whilst the third and last support type is financed by the EAFRD.

Updates

On 6 April 2016, the European Commission published the EAFRD financial report for the 2014 fiscal year. During that year, the total payment appropriations amounted to EUR 11.2 billion (approx. USD 12.8 billion).

On 30 September 2016, the European Commission published the EAFRD financial report for the 2015 fiscal year. During that year, the total payment appropriations amounted to EUR 11.7 billion (approx. USD 13.2 billion).

On 27 September 2017, the European Commission published the EAFRD financial report for the 2016 fiscal year. During that year, the total payment appropriations amounted to EUR 12.3 billion (approx. USD 14.5 billion).

On 17 September 2018, the European Commission published the EAFRD financial report for the 2017 fiscal year. During that year, the total payment appropriations amounted to EUR 11.1 billion (approx. USD 13 billion).

On 25 September 2019, the European Commission published the EAFRD financial report for the 2018 fiscal year. During that year, the total payment appropriations amounted to EUR 12.2 billion (approx. USD 13.3 billion).

On 20 August 2020, the European Commission published the EAFRD financial report for the 2019 fiscal year. During that year, the total payment appropriations amounted to EUR 13.8 billion (approx. USD 16.4 billion).

AFFECTED PRODUCTS

 
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