€373.8 M
About Common Agricultural Policy
About Common Agricultural Policy
The objectives of the Common Agricultural Policy (CAP) are the following:
Fostering a resilient agricultural sector
Environmental enhancement and climate actions
Strengthening the social fabric of rural areas
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Funds Contribution
CAP takes action based on the following measures which are divided in two Pillars:
Pillar 1
Through an instant aid that ensures the income stability and the farmers’ remuneration for the environmentally friendly agricultural procedures and the supply of public services which under normal circumstances the markets do not pay for them, like the countryside care.
Aiming at confronting market difficulties, like the sudden drop of demand due to health risk or the price drop due to the temporary oversupply on the market.
Pillar 2
Implementing a series of investment and hectare interventions aimed at the development of the primary production sector and the cypriot rural areas.
Funding Resources and Funds
For the programming period 2023-2027, the Republic of Cyprus secured by the CAP Funds, resources of a total amount of €373.8M, as follows:
€254.9M
EAGF
European Agricultural Guarantee Fund
€118.9M
EAFRD
European Agricultural Fund for Rural Development
Co-funded Programme
The utilisation of the mentioned resources will be achieved based on the Strategic Plan of the Common Agricultural Policy 2023-2027.