Authorization

In the European Union, farming subsidies have enriched those in power and created an 'agricultural mafia'

In the European Union, farming subsidies have enriched those in power and created an 'agricultural mafia'
REUTERS/Laszlo Balogh



Europe's farm program is one of the largest subsidy programs in the world and pays out $65 billion to support farmers and rural communities. It's being taken advantage of by a group of powerful political patrons and oligarchs, the New York Times reported.




Shady deals with the Hungarian government have enriched a powerful few, according to the report.




The subsidy program is up to be renewed this year, but change will be difficult.




Read more on Business Insider.



Europe's farm program, which pays out $65 billion in subsidies to support farmers and rural communities, is being taken advantage of by group of land barons across the 28 country bloc, the New York Times reports.
Selam Gebrekidan, Matt Apuzzo, and Benjamin Novak investigated the system for nine months and found that a majority of farming subsidies go to a group of "oligarchs and political patrons" that have deals with the Hungarian government.
The deals have made members of this group rich, according to the report.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Ноябрь 2019    »
ПнВтСрЧтПтСбВс
 123
45678910
11121314151617
18192021222324
252627282930