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 | 20.11.2008 | 14:00 UTC

EU forges agreement to revamp farm policy

After marathon talks EU countries have forged an agreement to revamp their farm support policy with increases in milk quotas and cuts in subsidies for production. The compromise deal was reached by EU farm ministers who had begun their meeting in Brussels on Wednesday afternoon. The agreed changes expand on the major reform of the EU's controversial Common Agricultural Policy in 2003, pushing European farmers further into the world of supply and demand with a smaller safety net of subsidies linked to production levels.



 
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