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Woolley & Wallis have a long heritage within the rural and agricultural communities, with two of their six specialist departments dedicated to rural matters. The Rural Professional department's dedicated team offer expertise in all matters of rural and agricultural management and have a thorough understanding of the demands and opportunities presented by the Common Agricultural Policy and the 2003 CAP reform.
Originally introduced in 1962, the Common Agricultural Policy (CAP) addressed a strategic need for food security in Europe; the result was a deliberate increase in domestic food production with a reduced dependence on imports. Through market management, surpluses could be reduced, while import taxes and export subsidies were intended to protect the domestic market.
A CAP reform agreement was reached in June 2003, allowing farmers to focus on market and consumer demand rather than subsidy requirements. The reforms were a simplification of the CAP, replacing several schemes that previously operated in the UK with the Single Payment Scheme.
For more information about the CAP, visit Defra UK's own website.
