The crisis reserve amounts to only EUR 450 million for 27 Member States.
AgricultureEuropean Union
- Omissions
- The EUR 450 million is an annual allocation, not a total reserve amount
- The reserve is specifically for agricultural crises under the Common Agricultural Policy (CAP)
- The regulation establishing this reserve entered into force on 1 January 2023
- Sources
- PrimaryEuropean Commission - Agriculture and Rural DevelopmentWithin the current CAP, in place since 1 January 2023, an agricultural reserve with a yearly allocation of at least €450 million
- SecondaryARC2020In March 2022, the CAP crisis reserve, which has an annual budget of €450 million, was activated for the first time since its establishment