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?

Farming worldwide and national agricultural policies are in a profound crisis. Farmers everywhere are complaining about inadequate incomes. A large proportion of farms are threatened on both sides of the Atlantic, in the EC no less than in the USA. This situation has coincided with a period of...