What is Common Agricultural Policy in SAP SD-FT - Foreign Trade?

SAP Term: Common Agricultural Policy

• Component: SD-FT

• Component Name: Foreign Trade

• Description: The European Community EC agricultural market regulations. The EC uses the Common Agricultural Policy to ensure that agricultural supplies are: Safeguarded Managed the same way throughout the EC Reasonably priced Regularly available The EC also uses the Common Agricultural Policy to ensure that EC producers receive a fair price for their goods.

Smart SAP Assistant

• Key Concepts: 
  The Common Agricultural Policy (CAP) is a European Union (EU) policy that provides support to farmers and rural communities. It is managed by the European Commission and is funded by the EU budget. The CAP is designed to ensure a fair standard of living for farmers, promote sustainable farming practices, and ensure a secure supply of food for EU citizens. The CAP also helps to protect the environment by encouraging farmers to adopt environmentally friendly practices. 
  
  How to use it: 
  The Common Agricultural Policy (CAP) is implemented through a variety of measures, including direct payments to farmers, market support measures, rural development programs, and environmental protection measures. The CAP also provides support for research and innovation in the agricultural sector. 
  
  In the SAP SD-FT Foreign Trade module, the CAP is used to manage the import and export of agricultural products. This includes tracking the origin of agricultural products, managing import/export licenses, and monitoring compliance with EU regulations. 
  
  Tips & Tricks: 
  When using the SAP SD-FT Foreign Trade module to manage the import/export of agricultural products, it is important to ensure that all relevant information is accurately recorded. This includes tracking the origin of agricultural products, managing import/export licenses, and monitoring compliance with EU regulations. 
  
  Related Information: 
  For more information on the Common Agricultural Policy (CAP), please visit the European Commission website: https://ec.europa.eu/info/food-farming-fisheries/farming/common-agricultural-policy_en