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Commission publishes 2009 Agricultural Financial Reports
In September of each year, the European Commission draws up a financial report on the administration of the European Agricultural Guarantee Fund (EAGF) and of the European Agricultural Fund for Rural Development (EAFRD) during the previous financial year and submits it to the European Parliament and the Council.
The EAGF finances the expenditure on direct payments to farmers; measures to regulate agricultural markets, such as public intervention and private storage aid; information and promotion of agricultural products; restructuring aid, aid for diversification and transitional aid provided in the temporary scheme for the restructuring of the sugar industry in the EU. The EAFRD finances the rural development programmes of the Member States.
The financial reports for 2009 are now available.
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