On November 27, the EU Council and the European Parliament concluded an informal agreement on the extension of the current rules of the Common Agricultural Policy (CAP) until the end of 2022 and on the distribution to European farmers of 8.07 billion euros provided by the European instrument for recovery Next Generation EU.

A split of resources for recovery has been agreed: 30% of them will be made available in 2021, 70% in 2022. Member States will be required to guarantee about one third of the total budget (37%) for green and animal welfare measures and more than half of the total budget (55%) for social and digital transformation measures.

The negotiators also found an agreement to extend for further 6 months the exceptional temporary support to farmers and SMEs affected by the Covid-19 crisis.

The agreement will now have to be approved by the Council and the Parliament to ensure its entry into force by the end of 2020. However, this will also depend on the final adoption of the Multiannual Financial Framework 2021-2027.

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