What is Common Agricultural Policy in SAP SLL - Global Trade Services?

SAP Term: Common Agricultural Policy

• Component: SLL

• Component Name: Global Trade Services

• 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 the SLL Global Trade Services component of SAP. This component provides a range of services that help farmers and rural communities access the CAP funds and manage their agricultural activities. It also helps to ensure that the CAP funds are used in an efficient and effective manner. 
  
  Tips & Tricks: 
  When using the SLL Global Trade Services component of SAP, it is important to ensure that all relevant information is accurately recorded. This includes details about the type of agricultural activity being undertaken, the amount of CAP funding being requested, and any other relevant information. This will help to ensure that the CAP funds are used in an efficient and effective manner. 
  
  Related Information: 
  For more information about the Common Agricultural Policy (CAP), please visit the European Commission website at https://ec.europa.eu/agriculture/cap-overview_en. For more information about SLL Global Trade Services, please visit the SAP website at https://www.sap.com/products/global-trade-services.html.