engleski

How to finance agriculure within EU

Although the first steps in the making of today's EU were related to the European Union for Coal and Steel (1951), and the fact that creation of a customs union, the Schengen area or common trade policy were underlined in the latter period as the greatest achievements of the process of formation of united Europe, agriculture is in reality the activity in which the unified policy of the Union, central management and finance can be felt to a large extend during the longest period of time. Creation and implementation of Common Agricultural Policy (CAP) in European Union is, in sense of economics, the first successful attempt to practice common policy in different countries (Fennell, 1997). In many documents, agriculture is defined as the central, most important economic sector of each Member State and of the EU as a whole. Common Agricultural Policy of the European Union started to be applied in practice in 1962. This project has made some significant positive effects (stability of agricultural and food products market, increase of manufacturers’ revenue, security of supply and independence from imports), but its powerful and direct actions have caused some negative consequences that reflected in large budgetary spending, differences emerged between manufacturers and regions in the EU itself, but also environmental problems resulting from too intensive production, i.e. use of chemicals and excessive use of resources in general.

EU, agriculture, budge

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