In the near future the CAP will continue to be structured around two pillars. In the first pillar the main instrument for producers’ support is the decoupled Single Farm Payment. In this paper we review the methodological framework for analysing decoupled payments in models of agricultural...

In this paper we evaluate empirically the impact of policies on farm investment and output decisions, considering risk-averse farmers making inter-temporal choices on current and future profits. We refer specifically to the recent reform of the CAP, while estimation and simulation results are...

In this paper we evaluate empirically the absolute and relative size of risk-related effects of a farm policy change, with specific reference to the CAP arable crop regime. We adopt a dual framework under non linear mean-variance risk preferences, which incorporates the impact of price...

This paper completes the comparative analysis of the investment demand behaviour, of a sample of specialised arable crop farms, for farm buildings and machinery and equipment, as a function of the different types and levels of Common Agricultural Policy support, in selected European Union Member...

This working paper provides a comparative analysis, among selected EU member states, of the investment demand of a sample of specialised field crop farms for farm buildings, machinery and equipment as determined by different types and levels of Common Agricultural Policy support. It allows for...

In this paper we evaluate empirically the absolute and relative size of risk-related effects of a farm policy change, with specific reference to the CAP arable crop regime. We adopt a dual framework under non linear mean-variance risk preferences, which incorporates the impact of price...

The Common Agricultural Policy is modelled as a club good providing the European Union (EU) farmer with financial benefits. We build an economic model which explains how much farmers in individual EU countries invest in rent-seeking activities in order to test for free-riding behaviour on...

This paper aims at analysing the recent CAP reform from the perspective of the current general and strategic objectives of the EU as defined by the Lisbon Strategy. A critical appraisal of the CAP impact in terms of regional growth is carried out. Firstly from a strictly conceptual and...

This paper examines the welfare effects of the Common Agricultural Policy (CAP) cotton, maize and sugar beet regimes practiced in Greece after its 1981 entry into the European Union. These markets are considered as horizontally related because there are usually the same farmers that use the same...

Low and variable farm income has been a main rationale for heavy government intervention in agricultural markets and income transfers to farmers whether in Europe in response to disruptive agricultural imports and low world prices at the end of the 19th century or in the US in response to the...