Study shows the EU does it better and cheaper with CAP

The CAP creates European added value, because it prevents subsidy races between the member states, while also reducing political and economic distortion, said the researchers.

A renationalised agricultural policy would have cost member states around €23 billion more per year than agriculture spending does presently through the EU budget, according to an authoritative new study.

And farmers in Spain, Greece, Hungary, and Ireland would have lost out most, if agricultural policy was renationalised, according to researchers from Bertelsmann Stiftung, the Centre for European Economic Research, and RAND Europe.