This paper provides an ex ante assessment of the effects of the Income Stabilization Tool (IST), a new risk management tool proposed in the Common Agricultural Policy of the European Union. We investigate the effects of IST on income variability and levels as well as on income inequality in the...

Common Agricultural Policy uses a large share of its budget to support and stabilise the income of EU farmers by means of direct payments (DP). This paper assesses how much and how DP reduce the variability of farm income over time. The analysis is developed on a constant sample of 2402 Italian...

This paper provides an ex ante assessment of the effects of the Income Stabilization Tool (IST), a new risk management tool proposed in the Common Agricultural Policy of the European Union. We investigate the effects of IST on income variability and levels as well as on income inequality in the...

This paper analyses the impact of a set of direct payment tools of the Common Agricultural Policy on the distribution of household income among Italian farm families. It considers a large sample of Italian farm families and applies the Gini decomposition approach. The analysis accounts for...

Farm direct payments (DPs) have been the main instrument of the Common Agricultural Policy (CAP) to support farm income in the EU. This paper addresses the role of direct payments granted in the context of the market and income support policies and of rural development policies in the...

Purpose The purpose of this paper is to assess how direct payments (DPs) of the Common Agricultural Policy affect income and revenue variability faced by Italian farmers. Design/methodology/approach Balanced farm-level panel data are used to construct coefficients of variation over the period...