The EU agricultural reform should have been a game changer, helping to achieve the Green Deal targets. But the reform of the Common Agricultural Policy (CAP), which was adopted by the EU last year, has not earned this name. What we see here is the exact opposite of an improvement. The promised system change is not visible, even if both conservatives and the EU Commission like to present it that way. Instead, the chance for meaningful change for climate, biodiversity, and small farmers has been wasted.