EU farmers to get back crisis reserve

CAP spending next year is on course to be virtually the same as in this year’s budget, says CAP expert Alan Matthews.

The EU’s budget year runs from October 1 of the previous year to September 30 of the budget year, and barring an EU agricultural crisis before September 30, the amount retained from farmers in 2013 to establish a crisis reserve this year will be returned to them later this autumn.

“This means that the amount €425 million will be added to farmers’ direct payment receipts in the 2015 financial year.