With the UK set to exit the EU in March the European Commission's 2021-2027 budget proposes to cut subsidies but to spend more money on security, immigration and research.  

The Agricultural proposals are:-

Cuts to the two biggest sources of spending: A 5% cut to the Common Agricultural Policy, seeing a budget of €365bn - farming countries like France are likely to be affected - and a 7% cut to so-called cohesion funding - former Soviet states in eastern Europe are its biggest beneficiaries 

Farm subsidies to be better balanced, benefiting medium-sized and smaller farms, and a subsidy cap per farm.