The European Commission approved the first package of CAP strategic plans designed to shape the transition to a sustainable modern European agricultural sector. The period 2023-2027 will see a total CAP funding of 270 billion, of which 120 billion represent a budget for the first 7 approved plans for Denmark, Spain, Finland, France, Ireland, Poland and Portugal.
Aimed mainly at young people and family farms, it will seek to introduce new farming practices and innovation for better efficiency in the sector.it will seek to introduce new farming practices and innovation for better efficiency in the sector. Agriculture Commissioner, Janusz Wojciechowski, said:
«Farmers are facing a challenging environment, marked by the sharp increase in production costs due to the Russian aggression in Ukraine, as well as the recent summer drought. Farming is a long-term business and European farmers need to have a clear legal and financial framework for the future. The new CAP will help us to support stable farming livelihoods and long-term food security by fostering a smart, competitive, resilient and diversified agricultural sector. I commend the hard work of the Member States to finalise their Plans and support their agricultural sectors […]».
The strategic plans of the CAP will respond to the challenge of rising commodity prices due to the delicate situation in Europe and will support the development of organic production in order to strengthen the competitiveness of the sector. These funds will maintain thousands of jobs by taking on the generational change that lies ahead and by improving access to services and infrastructures that make the rural environment an attractive place for young farmers.