European Agricultural Guidance and Guarantee Fund

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This article is not up to date. The European Agricultural Guidance and Guarantee Fund (EAGGF) is replaced by the European Agricultural Guarantee Fund (EAGF) and the European Agricultural Fund for Rural Development (EAFRD) since January 1, 2007 (Council Regulation (EC) No 1290/2005 of 21 June 2005 on the financing of the common agricultural policy).

The European Agricultural Guidance and Guarantee Fund (EAGGF), set up by Regulation No 25 of 1962 on the financing of the Common Agricultural Policy (as last amended by Regulation (EEC) No 728/70) consumes a large part of the general budget of the European Union.

The Fund's Guarantee Section finances, in particular, expenditure on the agricultural market organisations, the rural development measures that accompany market support and rural measures outside of Objective 1 regions, certain veterinary expenditure and information measures relating to the CAP.

The Guidance Section finances other rural development expenditure (not financed by the EAGGF Guarantee Section).

The Fund is administered by the Commission and the Member States, cooperating within the EAGGF Committee. The Fund Committee consists of representatives of the Member States and of the Commission.