On 26 June 2003, EU farm ministers adopted a fundamental reform of the Common Agricultural Policy (CAP) and introduced a new Single Payment Scheme (SPS or Single Farm Payment) for direct subsidy payments to landowners. The system of subsidy applies throughout the European Union according to rules agreed between the member states.
On 26 June 2003, EU farm ministers adopted a fundamental reform of the Common Agricultural Policy (CAP) and introduced a new Single Payment Scheme (SPS or Single Farm Payment) for direct subsidy payments to landowners. The system of subsidy applies throughout the European Union according to rules agreed between the member states.
Source: Wikipedia "Single Payment Scheme" · CC BY-SA 4.0
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