The influence on technical efficiency of access to credit and public support policies is studied for two groups of specialized small farmers in Chile. Using 2004 data, translog stochastic frontier production functions for 109 livestock and 342 crop producers are estimated. Mean technical...

After protracted negotiations, the EC Ministers of Agriculture agreed on a reform of the Common Agricultural Policy on July 1st. Will this reform solve the fundamental problems plaguing the common agricultural market? Is it compatible with the GATT?

[...] Die Einführung von Direktzahlungen zur Kompensation von Interventionspreissenkungen war ursprünglich eine wichtige Voraussetzung für die fundamentalen Reformen der GAP seit 1992, auch um Bestandsschutz für die im Vertrauen auf das politische Versprechen hoher Agrarpreise getätigten...

Agriculture is undoubtedly the most important and controversial topic in the ongoing Uruguay Round of the GATT. Can a compromise between the divergent positions of the EC and the USA on agricultural trade be found? Does the Uruguay Round mark a turning point for the EC's Common Agricultural Policy?

In the past, the protection of agriculture in the EU from exchange rate instability was accomplished at the cost of confusing regulations, welfare losses and the discrimination of other sectors. Will the 1993 reform of the Agri-Monetary System, combined with wide 15% European Monetary System...