EU agricultural policy

EU agricultural policy

The EU's common agricultural policy terms, expressions and explanations

Industry: Agriculture

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EU agricultural policy

Market volatility

Agriculture; EU agricultural policy

Also known as price volatility, this refers to a relatively high level of fluctuation of prices of agricultural goods in the market. A high level of price volatility can cause difficulties for ...

Limitations on the volume of milk that farmers can place on the market (or sell directly to consumers). Milk quotas were introduced in 1984 to stem the ever-increasing production of milk which was ...

Modulation

Agriculture; EU agricultural policy

This is a compulsory system of progressive reduction of direct payments allowing a transfer of funds from Pillar 1 (European Agricultural Guarantee Fund) to Pillar 2 (European Agricultural Fund for ...

Most Deprived Persons

Agriculture; EU agricultural policy

The European Union has run a food distribution programme for the most deprived persons in the Union since 1987, when the Council adopted rules for releasing public intervention stocks of agricultural ...

Most Favoured Nation treatment (MFN)

Agriculture; EU agricultural policy

Within the context of the World Trade Organisation, Most Favoured Nation treatment means that all countries have to treat each other in the same way. In other words, when a country grants an ...

Multiannual Financial Framework

Agriculture; EU agricultural policy

Multiannual spending plan for a period of seven years that translates the Union's policy priorities into financial terms. It setslimits on European Union expenditure over a fixed period and thus ...

Multifunctionality

Agriculture; EU agricultural policy

The complementary roles that farming plays within society, over and above its role as a producer of food. It is the provision of public goods such as food security, sustainable development, the ...