European Agricultural Guarantee Fund
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), as well as measures to regulate the common markets such as intervention and export refunds under both the CAP and the Common Fisheries Policy (CFP).
The EAGF and 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
Member States
, the Fund Committee consisting of representatives of the Member States and of the commission.
See also
Sources
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