Is the Common Agricultural Policy (CAP) too expensive?
The Common Agricultural Policy represented 44.5 billion Euros in 2003, which was about 35% of the EU budget. However, as that EU budget represented less than 1.2 % of EU GDP, the EU spend overall for agriculture was no more than 0.4% of its GDP. If the aims of the CAP were properly focussed and supported the right kinds of agriculture, this would not be too much to pay.
