Tuesday 5 November 2024

The Rich Get Richer?

The Common Agricultural Policy (CAP) is one thing the EU never got right. It currently hands out 3 billion euros a year in farming subsidies. The money received by each farmer depends on their 'acreage'. The bigger your farm, the more money you get. Predictably, billionaires are receiving most of the subsidies. Concomittantly, thousands of small farms in Europe are closing (https://www.theguardian.com/environment/2024/nov/03/revealed-billionaires-ultimate-beneficiaries-linked-to-eu-farming-subsidies). It's likely the billionnaire EU farmers will simply buy up vacated small farms to increase the area of their holdings. They will consequently get an increased subsidy, without even producing any additional crops. The really big farms are also generally dominated by monocultures, with very low biodiversity. Brexit was said to facilitate UK farmers being subsidised for encouraging biodiversity. The results, however, have been somewhat 'patchy'. In the words of the song, "Because the rich get richer. And the poor keep on getting poorer". The EU's current CAP ensures this will always remain the case. Clearly, it won't encourage necessary rewilding.

No comments:

The Rich Get Richer?

The Common Agricultural Policy (CAP) is one thing the EU never got right. It currently hands out 3 billion euros a year in farming subsidie...