A farmer spreads nitrogen fertilizer in his wheat field in Blecourt, France, April 13, 2021. REUTERS/Pascal Rossignol
BRUSSELS (Reuters) - European Union negotiators clinched a deal on Friday to reform the bloc's huge farming subsidy programme, aiming to make it greener and support smaller farms.
The Common Agricultural Policy (CAP), worth around a third of the EU's 2021-2027 budget, will spend 387 billion euros ($474 billion) on payments to farmers and support for rural development. The new rules will apply from 2023.
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