An Englishman's Castle

Telegraph | News | Tate & Lyle given £127m from CAP

The reason so many food companies receive so much money is that subsidies and import controls make sugar three times the price it is on the world market and dairy products twice as expensive.
To compensate for the higher prices that result from European Union protectionism, companies that export outside the EU are entitled to apply for export refunds that cover the difference between the prices at which they buy and sell.
Producers of processed foods are allowed production refunds for the same reason.

Expensive food for Europeans, ruining of Third World farmers and huge amounts of tax - a veritable hattrick of badness.