Ups and Downs in EU AG Farmers in Europe cannot catch a break. For years they were they toast of the EU with the Common Agricultural Policy (CAP) garnering over 60 percent of the budget. Then five years ago the Greens came to dominate European politics and their Green Deal and Farm to Fork reforms of agricultural support seemed unstoppable. That effort became side-tracked by the war in Ukraine, plus economic and political concerns. Never mind that it also lacked sufficient transparency over adverse impacts. Now instead of the Greens, farmers are competing with Europe’s ramp up in defense spending.  Under the budget released today, the EU will cut CAP spending by 30 percent, with programs merged into cohesion and other funds manag...

TAGS – North America, Macroeconomics