EAGF

The European Agricultural Guarantee Fund, commonly known as EAGF, is a financial instrument of the European Union's Common Agricultural Policy (CAP). Its primary purpose is to finance market intervention measures and direct payments to farmers. EAGF is part of the European Maritime, Fisheries and Aquaculture Fund (EMFAF) and the European Globalisation Adjustment Fund (EGF) under the European Union's budget. The fund covers expenses related to the stabilization of agricultural markets, such as public storage of agricultural products and aids for their disposal. It also supports income support for farmers through direct payments, which can include various schemes aimed at ensuring a basic level of income and contributing to the sustainability of agriculture. EAGF is managed by the European Commission and implemented by Member States. The financial resources allocated to EAGF are part of the overall EU budget, with specific amounts determined through the multiannual financial framework. Eligibility for EAGF support typically depends on meeting certain agricultural and environmental requirements set by the CAP. The fund plays a significant role in supporting the agricultural sector across the EU, aiming to maintain its competitiveness, ensure food security, and promote rural development.