The document summarizes the European Commission's proposals for the Common Agricultural Policy (CAP) from 2014 to 2020. Key points include: - The CAP budget will remain roughly flat in nominal terms but decline in real terms. Funding will be redistributed between Pillars 1 and 2. - Pillar 1 covers direct payments to farmers. The Commission proposes changes to eligibility criteria and introduces new schemes like greening requirements, payments for young farmers and in less favored areas. - Pillar 2 covers rural development. It will have less rigid funding categories and increase the minimum spent on environmental objectives. - Cross compliance rules on statutory management requirements and good agricultural practices will continue to apply across both pillars.