Proposal to limit farm subsidies to be presented to the European Parliament

Proposal to limit farm subsidies to be presented to the European ParliamentHe would present a proposal to limit farm subsidies to the European Parliament, said European Union Agricultural Commissioner Dacian Ciolos.

The EUobserver reported on Monday that the proposal could prove divisive. Two years ago, a similar proposal was rejected by the EU member states. Last year, however, there was a vociferous public reaction when farm subsidies listed online revealed some large farms had received as much as $680,000 in subsidies annually.

Ciolos also said, "I will be addressing this problem as part of the debate (on an overhaul to the Common Agricultural Policy)."

A proposal to cap subsidies at about $400,000 was rejected by member states in 2007.

The EUobserver further said that overall, farm subsidies account for 40 percent of the EU's annual budget and comes to about $135 per person per year in the European Union. (With Inputs from Agencies)