Using field survey data from Hungarian and Greek farmers, an evaluation was attempted of their perceptions and intentions concerning the last major CAP reform. In particular farmers’ future intentions concerning their farm investments, crop mix and off-farm work are explored. Empirical findings suggest that although investment decisions are similar across countries, there are differences concerning crop-mix and offfarm work. Hungarian farmers are more willing to adjust their crop mix focusing in their farming businesses and therefore less willing to increase off-farm work. For the sample of Greek farmers the opposite is observed. The level of information concerning CAP measures as well as the farm's size, the type of crop and farm specialization play an important role in these individual decisions.