This monograph was prepared under the Multi-Annual Programme 2015-2019 “The Polish and the EU agricultures 2020+. Challenges, chances, threats, proposals”. The publication is a collection of selected papers delivered at the 23rd edition of the International Scientific Conference organized by the Institute of Agricultural and Food Economics - National Research Institute. The theme of the conference was ”The CAP and national priorities within the EU budget after 2020”. The conference was placed on 11-13 June 2018 in Lidzbark Warmiński in Poland. Chapters: The CAP and national priorities within the EU budget after 2020. CAP between 2020 and 2027 – legislative proposals of the European Commission. Holistic risk management as a response to budgetary constraints. Economic and social features of contemporary development of the Czech agriculture and rural areas. To whom belongs the future of rural prosperity 2020+? The specificity of economic integration processes in agriculture. The Common Agricultural Policy of the European Union – main challenges for a new budget. Problems and risks linked with investment supports in agrarian sector – the Czech experience. The adoption of agricultural insurance to manage farm risk: preliminary evidences from a field survey among Italian and Polish farmers. The Common Agricultural Policy and the farm households’ off-farm labour supply. Comparison of potential effects on the profitability of the US MPP application on dairy farms in Veneto (Italy) and Wielkopolska (Poland). The risk management and the insurance of agricultural production. Distribution of interventions of the Rural Development Programme and Regional Operational Programmes in 2007-2013 in the context of territorial development. The role of organic farming in the CAP, the rural development programme, with particular regard to subsidies. Agricultural policy in the servitizated economy. The Model of Innovative Rural Entrepreneurship Development Designing. Smart Manufacturing – potential of new digital technologies and big data in the food industry. A paradigmatic view on the possibility of applying the provisions of the Common Agricultural and Fisheries Policy of the EU in the agrarian sector of the economy in Ukraine. Direct producer support measures and level of harmonization with Common Agricultural Policy in Bosnia and Herzegovina. The Hungarian and Polish agricultural trade in the light of CAP budgetary restrictions. Implementation of innovation projects in the context of agribusiness 4.0 in Ukraine. The impact of globalization on farmers income. Evidence from Poland and Romanian agriculture. Land concentration and competitiveness of agricultural enterprises in Ukraine.