Published in Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 21 ISSUE 1
Written by Maroš VALACH
The Common Agricultural Policy belongs to the oldest and most important policies of the European Union. One of its aims is to support economic performance of farms. The objective of the paper was to analyse the support of agricultural sector in the Slovak Republic from 2010 to 2017. The second part of the paper provides an overview of agricultural support in other countries of the world by using the Producer Support Estimate. The results show that support from EU funds as well as from the state budget was very important for maintaining competitiveness of the Slovakia ́s agriculture sector. Provided support was classified to five basic groups: market organization in agricultural commodities, direct payments, rural development, state aid with national measures and general services. The most important tool for supporting farmers is direct payments. They aim to stabilize farmers' income, improve the competitive position of farmers, prevent the negative impact of cross-border subsidy competition from neighbouring countries and revitalize livestock production.
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