REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL 12th FINANCIAL REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL on the EUROPEAN AGRICULTURAL GUARANTEE FUND 2018 FINANCIAL YEAR
1. Document 11628/19 is a report on the administration of the European Agriculture Guarantee Fund (EAGF) for the 2018 financial year. This is an annual report from the European Commission to the Council and the European Parliament, which sets out the budget-setting procedure, composition, management and implementation of the 2018 budget.
2. The report is supported by two annexes, which provide more detailed information on the budget setting and its implementation, including payments made to Member States in 2018.
3. The EAGF is one of two funds which finances the Common Agricultural Policy (CAP) . It primarily finances direct payments to farmers and measures regulating or supporting agricultural markets in Member States.
4. While the European Commission is responsible for the management of the EAGF, the payments to farmers are made through paying agencies appointed by national authorities in Member States. This is referred to as ‘shared management’.