Single Farm Payment

The Single Farm Payment is a financial support system for farmers in the European Union, designed to provide direct income to help stabilize the agriculture sector. Farmers receive payments based on the amount of land they farm, encouraging sustainable practices and rural development. The goal is to ensure farmers can maintain their land and livelihood without being overly dependent on market prices, promoting food security and rural economy stability. It simplifies previous complex subsidy schemes into one straightforward payment, aiming for fairness and efficiency in supporting agricultural producers.