Fianna Fáil MEP Liam Aylward has said the current reform proposals for the Common Agricultural Policy (CAP) will end up costing Irish consumers much more.
Mr Aylward said the current CAP subsidies mean food and agricultural products can be sold at cheap prices.
However, he said the proposed reforms will mean food products will be dearer in the future.
Mr Aylward said: "The benefit that CAP has been to the consumer - we always think in terms of the direct payment to the farmer.
"Now as we all know, the farmer has to produce at a very low cost; comparatively, the shopping basket today is much cheaper than it was 20 years ago.
"We also have a very solid, secure supply of food, but now I think we've gone over the top. That is going to effect everybody at the end of the day.
"And obviously if there is a scarcity of product, then prices are going to rise automatically.
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