AS CAP and the EU

Decrease use of fertilisers

A goal of the MacSharry reforms

Trading Bloc

A group of neighboring countries that promote trade with each other and erect barriers to limit trade with other blocs

Set aside

A payment to farmers for not producing food on their land

CAP

A system of food production across the European Union

MacSharry reforms

A system of new laws that changed the CAP to make it more environmentally and socially friendly

Original aim of CAP

To raise food production across Europe

Intervention buying

Where a government intervenes if a farm product is not sold at market

Subsidy

a grant paid by a government to an enterprise that benefits the public - in this case the production of food stuffs

Guaranteed prices

a type of farm subsidy: the farmer is guaranteed a minimum price for everything produced.

Environmental stewardship

an economic goal which aims that economic activity must be carried out without significantly harming the natural environment - in this case farming

EU

an international organization of European countries formed after World War II to reduce trade barriers and increase cooperation among its members

Import tariffs

taxes on international trade, taxes levied by domestic governments on purchases from foreign countries

Protectionism

the policy of imposing duties or quotas on imports in order to protect home industries from overseas competition