European Agricultural Guidance and Guarantee Fund
Encyclopedia
This article is not up to date. The European Agricultural Guidance and Guarantee Fund (EAGGF) was replaced by the European Agricultural Guarantee Fund (EAGF) and the European Agricultural Fund for Rural Development
(EAFRD) on 1 January 2007 (Council Regulation (EC) No 1290/2005 of 21 June 2005 on the financing of the common agricultural policy).
The European Agricultural Guidance and Guarantee Fund (EAGGF), set up by Regulation No 25 of 1962 on the financing of the Common Agricultural Policy
(as last amended by Regulation (EEC) No 728/70) consumes a large part of the general budget of the European Union
.
The Fund's Guarantee Section finances, in particular, expenditure on the agricultural market organisations, the rural development measures that accompany market support and rural measures outside of Objective 1 regions, certain veterinary expenditure and information measures relating to the CAP.
The Guidance Section finances other rural development expenditure (not financed by the EAGGF Guarantee Section).
The Fund is administered by the Commission
and the Member States, cooperating within the EAGGF Committee. The Fund Committee consists of representatives of the Member States and of the Commission.
European Agricultural Fund for Rural Development
The European Agricultural Fund for Rural Development is a European agricultural fund which was set up for the financing of Rural Development Programme actions by European Union Council Regulation No 1290/2005 of 21 June 2005 on the financing of the common agricultural policy.Rural development is...
(EAFRD) on 1 January 2007 (Council Regulation (EC) No 1290/2005 of 21 June 2005 on the financing of the common agricultural policy).
The European Agricultural Guidance and Guarantee Fund (EAGGF), set up by Regulation No 25 of 1962 on the financing of the Common Agricultural Policy
Common Agricultural Policy
The Common Agricultural Policy is a system of European Union agricultural subsidies and programmes. It represents 48% of the EU's budget, €49.8 billion in 2006 ....
(as last amended by Regulation (EEC) No 728/70) consumes a large part of the general budget of the European Union
European Union
The European Union is an economic and political union of 27 independent member states which are located primarily in Europe. The EU traces its origins from the European Coal and Steel Community and the European Economic Community , formed by six countries in 1958...
.
The Fund's Guarantee Section finances, in particular, expenditure on the agricultural market organisations, the rural development measures that accompany market support and rural measures outside of Objective 1 regions, certain veterinary expenditure and information measures relating to the CAP.
The Guidance Section finances other rural development expenditure (not financed by the EAGGF Guarantee Section).
The Fund is administered by the Commission
European Commission
The European Commission is the executive body of the European Union. The body is responsible for proposing legislation, implementing decisions, upholding the Union's treaties and the general day-to-day running of the Union....
and the Member States, cooperating within the EAGGF Committee. The Fund Committee consists of representatives of the Member States and of the Commission.