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The Common Agricultural Policy.
Member rating: No Rating | Words: | Submitted: Thu Dec 11 2003
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The Common Agricultural Policy 1) The 5 objectives of the Common Agricultural Policy (CAP) set out in Article 39 of the Treaty of Rome were: * To increase agricultural productivity * To ensure a fair standard of living for farmers * To stabilise markets * To guarantee availability of supplies * To ensure fair prices for consumers 2) An intervention price is a price at which the EU/government will buy produce from the producer. It is a fixed price, and it is the minimum price that the producer will get for their goods. In this case, the EU established an intervention price at which it would buy the produce from the farmers. As a result the farmers could either choose to sell their produce on the open market or sell it to the EU for the minimum fixed price. As a result of the intervention price scheme farmers increased their production - knowing that no matter...
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