Factbox-Europe's fight to make farming subsidies 'green'

A farmer spreads nitrogen fertilizer in his wheat field in Blecourt, France, April 13, 2021. REUTERS/Pascal Rossignol

BRUSSELS (Reuters) - European Union negotiators clinched a deal on Friday to reform the bloc's huge farming subsidy programme, aiming to make it greener and support smaller farms.

The Common Agricultural Policy (CAP), worth around a third of the EU's 2021-2027 budget, will spend 387 billion euros ($474 billion) on payments to farmers and support for rural development. The new rules will apply from 2023.