A new revamped Common Agriculture Policy is set to favour small and young farmers. 

The European Commission has announced its proposals for 2021 to 2027 which include a new agri-environmental scheme and a 2 percent fund for young farmers. 

It says the plans is to modernise and simply the CAP with a budget of 365 billion euro. 

European Commissioner for Agriculture Phil Hogan admits there will be less money available to farmers but says there's greater flexibility.

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