The CAP has undergone substantial changes since its inception but still remains the most extensive common policy, accounting for almost half of the EU’s budget or €54 billion annually. This paper aims at providing a vision for a future CAP (post 2013). We identify not only desirable long term goals and changes in CAP but also short term changes that would facilitate its long term evolution. Overall much less needs to be spent on agriculture and the remaining spending should concentrate on preservation of biodiversity and mitigation/adaptation to climate change.