Treaty of Lisbon was no change from the constitutional treaty. It was sufficient explanation for the low turnout forecast. (Hmm...)
On the other hand, the goals of the CAP as defined in the Lisbon Treaty and the Constitution are still the same as in the Treaty of Rome, which is quite sorry.
Article 43 (ex Article 37 TEC) 1. The Commission shall submit proposals for working out and implementing the common agricultural policy, including the replacement of the national organisations by one of the forms of common organisation provided for in Article 40(1), and for implementing the measures specified in this Title. These proposals shall take account of the interdependence of the agricultural matters mentioned in this Title. 2. The European Parliament and the Council, acting in accordance with the ordinary legislative procedure and after consulting the Economic and Social Committee, shall establish the common organisation of agricultural markets provided for in Article 40(1) and the other provisions necessary for the pursuit of the objectives of the common agricultural policy and the common fisheries policy.
1. The Commission shall submit proposals for working out and implementing the common agricultural policy, including the replacement of the national organisations by one of the forms of common organisation provided for in Article 40(1), and for implementing the measures specified in this Title.
These proposals shall take account of the interdependence of the agricultural matters mentioned in this Title.
2. The European Parliament and the Council, acting in accordance with the ordinary legislative procedure and after consulting the Economic and Social Committee, shall establish the common organisation of agricultural markets provided for in Article 40(1) and the other provisions necessary for the pursuit of the objectives of the common agricultural policy and the common fisheries policy.
So would it come down to co-decision, and how much change is on offer in that procedure?
37 (2)
[...] The Council shall, on a proposal from the Commission and after consulting the European Parliament, acting by a qualified majority, make regulations, issue directives, or take decisions, without prejudice to any recommendations it may also make. [...]
Lawmaking: the 'co-decision procedure' (renamed 'ordinary legislative procedure') has been extended to several new fields. This means that Parliament now has the same degree of lawmaking power as the Council in some areas where it used to be merely consulted or not involved at all. These areas include legal immigration, penal judicial cooperation (Eurojust, crime prevention, alignment of prison standards, offences and penalties), police cooperation (Europol) and some aspects of trade policy and agriculture. From now on, then, Parliament will have a role to play in almost all lawmaking. Budget: the new treaty confirms the established practice of working with a multiannual financial framework, which Parliament will have to approve in future. It also abolishes the current distinction between 'compulsory' expenditure (like direct income support to farmers) and 'non-compulsory' expenditure, with the result that Parliament and the Council will determine all expenditure together. This innovation creates a new balance between the two institutions when approving the EU's budget.
Budget: the new treaty confirms the established practice of working with a multiannual financial framework, which Parliament will have to approve in future. It also abolishes the current distinction between 'compulsory' expenditure (like direct income support to farmers) and 'non-compulsory' expenditure, with the result that Parliament and the Council will determine all expenditure together. This innovation creates a new balance between the two institutions when approving the EU's budget.
273 EC
If, at the beginning of a financial year, the budget has not yet been voted, a sum equivalent to not more than one twelfth of the budget appropriations for the preceding financial year may be spent each month in respect of any chapter or other subdivision of the budget in accordance with the provisions of the Regulations made pursuant to Article 279; this arrangement shall not, however, have the effect of placing at the disposal of the Commission appropriations in excess of one twelfth of those provided for in the draft budget in course of preparation. The Council may, acting by a qualified majority, provided that the other conditions laid down in the first subparagraph are observed, authorise expenditure in excess of one twelfth. If the decision relates to expenditure which does not necessarily result from this Treaty or from acts adopted in accordance therewith, the Council shall forward it immediately to the European Parliament; within 30 days the European Parliament, acting by a majority of its Members and three fifths of the votes cast, may adopt a different decision on the expenditure in excess of the one twelfth referred to in the first subparagraph. This part of the decision of the Council shall be suspended until the European Parliament has taken its decision. If within the said period the European Parliament has not taken a decision which differs from the decision of the Council, the latter shall be deemed to be finally adopted. The decisions referred to in the second and third subparagraphs shall lay down the necessary measures relating to resources to ensure application of this Article.
The Council may, acting by a qualified majority, provided that the other conditions laid down in the first subparagraph are observed, authorise expenditure in excess of one twelfth.
If the decision relates to expenditure which does not necessarily result from this Treaty or from acts adopted in accordance therewith, the Council shall forward it immediately to the European Parliament; within 30 days the European Parliament, acting by a majority of its Members and three fifths of the votes cast, may adopt a different decision on the expenditure in excess of the one twelfth referred to in the first subparagraph. This part of the decision of the Council shall be suspended until the European Parliament has taken its decision. If within the said period the European Parliament has not taken a decision which differs from the decision of the Council, the latter shall be deemed to be finally adopted.
The decisions referred to in the second and third subparagraphs shall lay down the necessary measures relating to resources to ensure application of this Article.