European Agricultural Fund for Rural Development

The European Agricultural Fund for Rural Development (EAFRD) is one of the European Structural and Investment Funds which was set up for the financing of Rural Development Programme (RDP) actions by European Union Council Regulation (EC) No 1290/2005 of 21 June 2005 on the financing of the Common Agricultural Policy (CAP). == Reasoning == Rural development is a vitally important policy area, affecting over 50% of the population of the EU and almost 90% of EU land.

Source: Wikipedia — European Agricultural Fund for Rural Development (CC BY-SA 4.0)