Agricultural Financing in the European Union: The Cap Framework

Jankulovski, Nikolche and Bojkovska, Katerina and Mihajlovski, Goran (2018) Agricultural Financing in the European Union: The Cap Framework. Journal of Economics and Sustainable Development, 9 (9). pp. 64-68. ISSN ISSN 2222-1700 (Paper) ISSN 2222-2855 (Online)

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Agriculture is a very critical economic activity in the European Union (EU). The regional bloc estimates that 22
million of its citizens are dependent on primary agricultural activities for their livelihoods. The organization of
agricultural activities in the EU ranges from small family- owned and run farms to larger and commercialized
farms which produce on a sizeable scale. Apart from that, agriculture also supports 44 million jobs in value
addition activities such as food processing, food retail, and other food- related activities. Further, the EU relies
on food exports for upwards of €130 billion in export revenues each year, further underlining the importance of
the sector (European Commission, 2015). The numbers here illustrate just how key agriculture is for the
economy in the European Union. They may not even capture the true picture which would require one to include
other linkages and spillover effects to other industries. Just like any other economic activity, agriculture requires

Item Type: Article
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Scientific Fields (Frascati) > Agricultural Sciences > Other agricultural sciences
Divisions: Faculty of Biotechnical Sciences
Depositing User: Prof. d-r. Gordana Dimitrovska
Date Deposited: 05 Apr 2020 18:28
Last Modified: 05 Apr 2020 18:28

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