In order to attain the objectives of the common agricultural policy defined by the Treaty and finance the various measures falling under it, including rural development, the following are hereby set up:

1. European Agricultural Guarantee Fund.
2. European Agricultural Fund for Rural Development.

European Agricultural Fund for Rural Development: EAFRD

The EAFRD shall finance, in a context of shared management between the Member States and the Community, the
Community's financial contribution to rural development programmes implemented in accordance with the Community legislation on support for rural development by the EAFRD.

European Agricultural Guarantee Fund: EAGF

The EAGF shall finance in a context of shared management between the Member States and the Community the following expenditure.

The Community provisional funding available for the programme is: