'Future CAP must have more structured response to volatility'
The future Common Agricultural Policy (CAP) must have a more structured approach to deal with volatility, the Minister for Agriculture Michael Creed has said.
Speaking in Brussels today after the Council of Ministers meeting, Minister Creed said that Europe faces enormous challenges that were not there when the last reform of the CAP was taking place.
"The first thing we have to do is secure the budget for the CAP and there is no point in saying food security is not as important as it was when the Treaty of Rome was signed, but with increasing world population food security is a critical plank of the CAP."
Europe also needs a CAP policy that is consistent with climate change, according to Minister Creed, while Member States must have instruments within the CAP that enables them to deal with volatility and to increase the tool box of initiatives such as hedging and fixed price contracts.
“At the moment, everyone jumps up and down when the global dairy markets slip and we get after a period of time a Commission response.
“I think that is too ad hoc and we need the new CAP to put in place a structured approach to dealing with those issues which will be around all commodities not just dairy.”