Economic value of Cap could halve by 2034 if not linked to inflation, experts warn

Farm Europe has called on the EU to adjust the 2028-2034 common agricultural policy budget so it is indexed to inflation

Inflation, and the accession of Ukraine, make huge changes necessary if strong support for agriculture as a strategic sector for Europe is to continue, said experts at the Farm Europe think-tank.

The economic value of the EU's common agricultural policy will be more than halved by 2034, and if Ukraine joins the EU, it could claim about 20% of the Cap budget.

Inflation, and the accession of Ukraine, make huge changes necessary if strong support for agriculture as a strategic sector for Europe is to continue, said experts at the Farm Europe think-tank, after the European Commission recently made the first moves ahead of the negotiation of the next EU seven-year budget.