Financial Times FT.com

EU approves reform of farm subsidies

By Joshua Chaffin in Brussels

Published: November 21 2008 03:49 | Last updated: November 21 2008 03:49

European farmers will continue to see direct subsidy payments give way to a more market-based incentives after EU ministers on Thursday agreed to the most sweeping reform of the group’s agricultural policy in five years.

However, the shift, agreed upon after an all-night bargaining session, was more gradual than some governments had hoped, leading to expressions of disappointment from the UK, in particular, that the EU had not gone further.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this