|Author (Person)||Heinemann, Friedrich|
|Content Type||Research Paper|
The Common Agricultural Policy (CAP) was set up in a time when (a) the memory about post-war food shortage was fresh, (b) Europe was a large net importer of agricultural products, (c) agricultural production was still highly labour-intensive, (d) food was a major item in a typical consumer basket and (e) significant shares of the work-force received their major income from the agricultural sector. The CAP objectives enshrined in Art. 39 TFEU clearly reflect this historical situation. When the Treaty of Rome was signed in 1957, it was understand-able that the standard of living of the agricultural workforce was a major issue and that "reasonable prices" for consumers were regarded as a matter of social stability.
|Subject Categories||Economic and Financial Affairs, Politics and International Relations|
|Subject Tags||Common Agricultural Policy [CAP], EU Budget|
|Countries / Regions||Europe|
|International Organisations||European Union [EU]|