The common agricultural policy cap is the agricultural policy of the european unionit implements a system of agricultural subsidies and other programmes it was introduced in 1962 and has undergone several changes since then to reduce the cost from 71 of the eu budget in 1984 to 39 in 2013 and to also consider rural development in its aims. An overview of the objectives history and current rules of the common agricultural policy cap supporting farmers and ensuring europes food security a factsheet for each eu country with information and data including the benefits and achievements supported through the common agricultural . Introduced in 1962 the common agricultural policy cap is a partnership between agriculture and society between europe and its farmers it is a policy common to all european union eu member states managed and financed at the european level using the eus annual budget the cap is the oldest eu policy. Common agricultural policy set of legislation and practices adopted by the european union to provide a common unified policy on agriculture initial measures introduced in 1962 but since then policy has been adapted and has undergone a number of reforms. Common market for agricultural products and common agricultural policy in the european economic community by stefan a riesenfeld originally published in university of illinois law forum 1965 u ill lf 658 1965 wwwnationalaglawcenterorg
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