Agriculture & Agribusiness
Agriculture has always been at the heart of European politics and initially, the EU budget used to fund mainly agriculture. Still, the largest share of the EU budget (around 70% for the period 2014-2020) goes to agriculture and regional development. During the period 2014-2020, the share of EU spending on farming is set at 39%. The current European agricultural policy runs until 2020. The discussions about this policy for 2021 have therefore started. Legislative proposals for the future of the common agricultural policy, based on nine objectives, include higher ambition on environment and climate action, better targeting and a new way of working.
The Agribusiness sector includes agrichemicals, breeding, crop production, distribution, farm machinery, processing, and seed supply, as well as marketing and retail sales. EU regulation has had a major impact on these businesses, notably in the crop protection/agrichemicals field in recent years.
Trade with third countries has become a major issue for the Agriculture & Agribusiness sector.