The recent reforms of the Common Agricultural Policy (CAP) of the European Union extend in a significant way the "decoupling" process started some ten years earlier. By adopting the Single Farm Payment (SFP) scheme only limited support for agriculture is tied to current production decisions....

Can a single program support farm income and encourage producers to adopt environmentally sound farming practices? While simple in concept, attempting to roll the farm income support features of existing commodity programs and conservation payments into a single program raises questions. Exactly...

The book describes the context within which the Common Agricultural Policy of the European Union has been established, the basic mechanisms of the policy for the main sectors of agricultural production and their adaptation over time in line with changes in the broader world economy; the changes...