The European Commission has proposed reducing the Common Agricultural Policy (CAP) by €86 billion for the period between 2028 and 2034, which in the Balearic Islands could translate into a "loss of close to €15 million per year," according to the Minister of Agriculture, Fisheries and the Environment, Joan Simonet. Farmers in the Balearic Islands are concerned about the proposed "fairly serious" cut in European aid, according to the president of the Association of Organic Agricultural Production of Mallorca (Apaema), Miquel Coll.