The Common Agricultural Policy (CAP) of the European Union has been in a process of reform since the early 1990s. As a result of reforms, agricultural market regulations have become more liberal and direct payments have been introduced which are to a large extent decoupled from production. In...

The Common Agricultural Policy (CAP) of the European Union has been in a process of reform since the early 1990s. As a result of reforms, agricultural market regulations have become more liberal and direct payments have been introduced which are to a large extent decoupled from production. In...

The Common Agricultural Policy (CAP)of the European Union has been in a process ofreform for quite some time. As a result of reforms,agricultural market regulations have become moreliberal and direct payments which are to a largeextent decoupled from production have beenintroduced. In this...