Concept of the Common Agricultural Policy and its Impact on the Budget of the European Union

Throughout the existing Common Agricultural Policy of the EU present European agriculture has changed its character beyond recognition. European population over time has lost conception about the way that present modern agro-food complex, which has increased its work during the last 50 years following the unsophisticated subsidy policy oriented on the production, works. An effort of the returning the competitive character to this branch has lead Common Agricultural Policy of the EU to the different reforms which consistent application should lead to the decrease of the disproportions between supply and demand on the agricultural production market.