Ireland's EU Commissioner Phil Hogan will launch a public consultation later today on the future of the Common Agricultural Policy.

The EU Commission wants to use the review to ensure that in future farmers use different methods to prepare themselves for market volatility rather than to seek emergency pay outs from Brussels.

The review will also address the controversial police of greening, whereby farmers receive money to enhance environmental protection, and will look at ways to help younger applicants to enter farming.

The public consultation will invite farmers, professional bodies and environmental organisations to give their views over the next three months.

The aim of the review is to modernise and simplify CAP. 

But it is understood that Brussels will in the future want farmers to do more when it comes to protecting the rural environment, and to better prepare themselves for market shocks, such as the Russian import ban and the slump in milk prices following the lifting of quotas.

Until now successive farm commissioners have sought emergency funds to deal with these shocks, but with constant downward pressure on the EU budget, especially now with Brexit, the commission will want farmers to hedge for future shocks by, for example, taking out insurance policies.

The IFA, however, is sceptical. It wonders how an insurance premium could be calculated given the kinds of volatility farmers face from weather, animal health and price fluctuations.

The review will also address the thorny question of greening, the policy adopted in 2013 whereby payments are linked to farmers taking action to improve the rural environment or meet climate change goals.

Environmental groups have argued it is not effective enough, and the commission may seek to ask farmers to do more in return for the funds they receive.

Part of the calculation, say sources, is the much higher expectations over EU spending by European tax payers.