In recent years the CAP has undergone significant reforms, but the dairy sector has largely avoided wholesale changes. The sector, however, is now faced with a significant effort by the Commission to instigate reform. In this study the FAPRI-UK modelling system is simulated to identify the...

Successive Common Agricultural Policy (CAP) reforms and trade liberalisation have led to a more market-orientated European agricultural sector, with EU commodity prices now more closely linked to world prices. As a consequence EU prices have become more volatile. Greater price volatility...

In the Uruguay Round Agreement on Agriculture, so-called ‘blue box’ support measures were exempted from reduction commitments, provided they were delivered under ‘production-limiting’ programs. Although classified as ‘blue box’, the EU system of direct payments (DP) to beef farmers...

This paper examines farmers’ decision makingunder risk and uncertainty. In particular, the study identifies the type of risk preference (averse, neutral or seeking)and measures the magnitude of risk preference before and after the introduction of the Single Farm Payment (SFP). The analysis...

This paper examines farmers’ decision making under risk and uncertainty. In particular, the study identifies the type of risk preference (averse, neutral or seeking) and measures the magnitude of risk preference before and after the introduction of the Single Farm Payment (SFP). The analysis...

The expansion of the EU biofuel sector in recent years has led to speculation that the linkages between the oil and agricultural markets has strengthened and resulted in increased transmission of price volatility. This study uses the FAPRI European modelling system, which includes a UK model, to...

Using a sample of French crop farms during the 1999-2006 period, we test whether less technically efficient farmers are more likely to engage in organic farming in order to benefit from conversion subsidies. Despite some limitations in our data, we find no evidence of such selection effect. On...

Agriculture’s impact on climate change is unambiguous although its role is multifaceted as it is a source of greenhouse gases but also a sink. It’s feasibility to mitigate climate change has raised interest, but thorough studies about the net benefits of the mitigation practices are needed....

The principal achievement of this paper is to introduce the operation of a specified ‘Futures’ model and it’s practice for decision-makers of financial institutes through an example based on the price data’s of grain futures market from EU assessment 2004 to these days in Hungary. Based...

In order to measure agriculture sustainability, the efficient use of inputs becomes a crucial issue. In this perspective, the analysts concentrate their attention on the total factor productivity index (TFP). In this view, Lynam and Herdt (1989) proposed the TFP as a suitable assessment of the...