Last week an informal deal between the European Parliament and Council was concluded on how to extend current CAP rules until the end of 2022 and disperse the extra €8.07 billion of the European recovery instrument to European farmers. This informal agreement is a follow-up to an initial agreement in June.
The informal deal outlines a split of the recovery money within the next two years: 30% of €8.07 billion will be available in 2021 and 70% in 2022. It also tasks member states to secure around one third of the total budget (37%) for green and animal welfare measures and more than half of the total budget (55%) for social and digital transformation measures.
See the Council's press release on the CAP transitional regulation for further details.