1.6 million farmers receive almost 85 percent of the EU's agricultural subsidies
A large part of the EU's budget is devoted to supporting agriculture. Yet farmers receive a given amount per hectare – so large farms receive way more money than the small ones, to the extent that 25 percent of all EU farmers receive only 1.3 percent of the available funds.
https://www.europeandatajournalism.eu/e ... -subsidies
It is just a subsidy for the rich Farmers. Still the EU agricultural sector is not competitive in the world, becaus refuse to accept GMO-plants and Steroids for lifestock (like the USA).
This huge ammount of Money could be rather used in the Technological sector. EU has no start ups