This article shows that credit market imperfections have important implications for the distribution of policy rents. In a model with land as fixed factor and credit market imperfections, when an area payment is given, land rents go up by more than the subsidy. On aggregate farms may lose from...

Standard deterministic analysis of agricultural and biofuel policies can yield incomplete or misleading results. Stochastic analysis is especially important when policies have asymmetric effects and when there is intrinsic interest in uncommon events or the distribution of possible outcomes. The...

Econometric models wishing to estimate relevant parameters for agricultural policy analysis are increasingly relying on unbalanced panels of farm-level data. Since in the agricultural economics literature such models have often been estimated through simplified approaches, in this paper we try...

If one observe aggregated cattle figures for Scotland for more than a century it is possible to perceive that that cattle numbers seem to react strongly to agricultural policy (e.g., livestock subsidies before 1973, UK becoming part to the European Community). The purpose the paper is to provide...

Various forms of revenue insurance have been applied in Canada and in the US with relative success. In this paper different combinations of traditional agricultural policies and revenue and yield insurance are analysed for the Spanish olive oil sector. Taking a database containing about half...

This research is a result of the CAP-IRE project which objective is the understanding farmer’s reactions under CAP scenarios by 2020. In particular this research aims to analyze the role of the current CAP design on the farmer’s decision process focusing on several environmental issues. The...

Complexity of the political system in Bosnia and Herzegovina reflects to entire economy of the country, especially to sensitive sectors as agriculture. Current agricultural BIH policy managed on entity and Brcko District level faces numerous challenges and dilemmas. Apart from insufficiently...

Agriculture is a relatively important economic activity in Serbia. In addition, the importance of agriculture stems from the upcoming full implementation of the Interim Trade Agreement with the EU, and the expected beginning of the negotiation process for full membership in the organization. In...

Econometric models wishing to estimate relevant parameters for agricultural policy analysis are increasingly relying on unbalanced panels of farm-level data. Since in the agricultural economics literature such models have often been estimated through simplified approaches, in this paper we try...