The 2003 review of the Common AgriculturalPolicy (CAP) has introduced several new policy tools,among which cross-compliance. The introduction of thisnew policy entails production costs, along with othertypes of costs arising at the farm level: administrative,information, organisational costs,...

With the increasing commodity prices volatility over the last years and the successive agricultural policy reforms, European grain producers face greater uncertainty. To better understand consequences of a price risk increase on production decisions, marketing decisionsand farm revenue as well...