EU cuts to Community Agricultural Policy

Funds for the Community Agricultural Policy are being cut by 5% (on the last budget of more than 400 billion euros). The sector has expressed concerns several times, which have now materialized in the proposed EU post 2020 budget, the first one post Brexit, effective over the period 2021 to 2027 that the European Commission presented today. The overall budget amounts to 1.279 billion euros that for CAP and cohesion funds means substantial cuts, while instead resources for migrants, Erasmus and young people, security, digital and research will increase. All the representatives of Italian agriculture are clearly opposed to it, as it will also complicate the life of wine companies. So far, it is just a hypothesis, on which it is now officially working (https://goo.gl/iUAHyV).