Details emerge of 2-year CAP transition

Details emerge of 2-year CAP transitionDetails emerge of 2-year CAP transition

A two-year prolonged prolongation to programmes underneath a Common Agricultural Policy (CAP) has been concluded today, Tuesday, Jun 30, during EU level.

The duration is set to cover until Dec 31, 2022. The law will see a mandatory prolongation for programmes upheld by a European Agricultural Fund for Rural Development (EAFRD), that supports Pillar II payments.

The arrangements – concluded between a European Parliament and a European Council – yield for a continued focus of a stream manners and payments to farmers and other beneficiaries.

In a area of risk government and income stabilisation, member states are set to be provided with a probability to revoke a threshold of 30% that triggers a remuneration of farmers for a dump in prolongation or income germane to a particular apparatus to 20%.

Furthermore, national taxation measures, whereby a income taxation bottom practical to farmers is distributed on a basement of a multiannual period, will be exempted from a focus of a state assist rules.

Reacting to a sum of a transition arrangements, Fianna Fáil MEP Billy Kelleher said: “The two-year prolongation gives farmers predictability, stability, and financial continuity. They can now start formulation for a subsequent dual years while a new CAP [post 2022] and a MFF [Multiannual Financial Framework] are negotiated.

Importantly, this agreement gives EU member states additional collection to support their farmers in traffic with a effects of a Covid-19 crisis.

“Obviously, this is usually an halt magnitude and most work is still compulsory to secure a best probable CAP for Irish farmers for after a transition period. However, this is poignant progress… What is pivotal now is that a strong and satisfactory bill is cumulative for cultivation in a arriving EU bill negotiations,” a Ireland South MEP said.

Article source: https://www.agriland.ie/farming-news/details-emerge-of-2-year-cap-transition/

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