EAGF meaning in Regional ?

Regional Miscellaneous in Regional 9 months ago

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What is European Agricultural Guarantee Fund mean?

The European Agricultural Guarantee Fund (EAGF) consumes a large part of the general budget of the European Union. It finances direct payments to farmers under the Common Agricultural Policy (CAP) and measures to regulate agricultural markets such as intervention and export refunds.

The EAGF and the European Agricultural Fund for Rural Development (EAFRD), which finances the rural development programmes of the Member States, were set up on 1 January 2007 following Council Regulation (EC) No 1290/2005 of 21 June 2005 on the financing of the CAP. They both replaced the European Agricultural Guidance and Guarantee Fund (EAGGF), which had been set up by Regulation No 25 of 1962 on the financing of the CAP (as amended by Regulation (EEC) No 728/70.

The fund is administered by the European Commission and the Member States, the Fund Committee consisting of representatives of the Member States and of the commission.

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Posted on 06 Jan 2025, this text provides information on Regional related to Miscellaneous in Regional. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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