New figures suggest Brexit could see EU farm payments cut by €3bn a year
New figures suggest EU farm payments could be cut substantially due to the UK’s exit from the EU.
According to Fianna Fail’s Agriculture Spokesperson, Charlie McConalogue, a recent technical note by the European Parliament’s agriculture committee, which outlined the way in which farmers in the EU could see direct payment cuts of more than €3 billion a year as a result of Brexit
McConalogue questioned the Minister for Agriculture, Michael Creed on the steps being taken at EU level to ensure future Common Agricultural Policy funding will be safeguarded.
Minister Creed said it is expected that the UK's exit from the EU will reduce the overall EU budget by between 5 and 10%.
“This will undoubtedly have implications for future spending decisions in what is already a very tight budgetary framework,” he said.
Notwithstanding this, the Minister stressed that the amount of CAP funding per Member State is fixed until 2020 under Regulations of the Council and European Parliament.
“Any changes to the current figures will require a co-decided amendment of those Regulations,” he said.
Minister Creed however did say the CAP accounts for some 37% of the EU budget, and said there has been “ongoing pressure from some Member States to reduce this proportion and to divert EU spending to newer policy issues such as migration, external action and development cooperation”.