Before the European summit in February 1988, EC agricultural policy was being criticized by almost all those affected. Farmers complained about low incomes and the lack of prospects, consumers and taxpayers about the high cost of agricultural support, politicians about spending commitments that...

The European Community regards its current agricultural policy "reforms" as an adjustment to the reality of the market and hence as a contribution to easing the strains in world agricultural trade and reducing worldwide distortions in resource allocation. A detailed analysis gives ground for...