Farm budget:
- Total cost of CAP over seven years between 2000-2006 put at £248 billion, or £800 million over the Commission's original proposal and £5.5 billion more than the "stabilisation" of budget at 1999 prices. No agreement on whether or how to bridge the gap.
- Discretionary "national envelope" for Ireland of £25 million, likely to be used to top up suckler cow payments.
Beef: (£50 million gain)
- Guarantee price cuts of 20 per cent to be applied in three equal stages from 2000;
- New slaughter premium of €80 on all adult animal calves to be paid for out of "discretionary" national envelope;
- Suckler cow premiums to increase from €169 to €200 per animal and special beef premiums from €109 to €150;
- Retention of Objective One premium of €24 and extension to Objective One regions in transition;
- Improvement in payments for those involved in extensive production;
- No loss of Irish quotas;
- Non-automatic intervention only as a safety.
Dairy: (£30 million loss)
- Delay of three years in guarantee price cuts of 15 per cent, in three phases from 2003;
- Compensation rising to €17.24 per litre by 2005;
- Review of quotas in 2003 and an aspiration to end quota system after 2006;
- An immediate Irish quota increase of 3 per cent with an increase also for Northern Ireland.
Cereals: (£20 million loss)
- Guarantee price cuts of 20 per cent in two equal steps from 2000;
- Compensation in the form of direct aids to increase from €54 to €66 per tonne;
- 10 per cent setaside for two years.
Department of Agriculture figures based on full fall in market prices to guarantee level.