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EUROPEAN AGRICULTURAL GUARANTEE FUND (EAGF)

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Definition:
The Common Agricultural Policy (CAP) is financed by two funds: The European Agricultural Fund for Rural Development (EAFRD) and the European Agricultural Guarantee Fund (EAGF). They both form part of the EU's general budget.

The European Agricultural Guarantee Fund (EAGF) serves to finance direct payments to farmers and measures to respond to market disturbances, such as private or public storage and export refunds.

Source Publication:
European Commission, Agriculture and Rural Development, website [latest update: 2012].

Cross References:
Common Agricultural Policy (CAP)
European Agricultural Fund for Rural Development (EAFRD)

Hyperlink:
http://ec.europa.eu/agriculture/cap-funding/index_en.htm

Created on Wednesday, April 03, 2013

Last updated on Wednesday, April 03, 2013