Abolishing a nearly 50-year-old policy for rice price support, Korea adopted a new direct payment program in 2005. Making the transition to decoupled income support has been governed by the need for operative and effective income safety nets and the WTO disciplines on domestic support. The...

The Farm Security and Rural Investment Act of 2002 (2002 Farm Act), which governs agricultural programs through 2007, was signed into law in May 2002. This report presents an initial evaluation of the new legislation's effects on agricultural commodity markets, based on sectorwide model...

The study analyses the effects of CAP direct payments and their modulation on farm profitability for a sample of 369 farms in the Navarra region of Spain. Cost-revenue ratios are calculated in order to highlight the impact of CAP direct payments, modulation and the valuation of own production...

This paper analyzes the optimal behavior of farmers in the presence of direct payments and uncertainty. With the help of an empirical analysis for Switzerland, it confirms previously obtained theoretical results and determines the magnitude of the theoretically predicted effects. The results...

Using FADN data, we analyse the development of income inequality in Swiss agriculture for the valley, hill and mountain regions over the period 1990–2009. While household income inequality remained stable, farm income inequality increased during this period. Estimated Gini elasticities show...

Purpose – The purpose of this study is to examine the effects of agricultural policy reform – specifically the change from market to direct payment support – on income variability of Swiss farming households. In addition, the observed heterogeneity in income risks across farms and time is...

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...

This paper focuses on proposals for changes in the post-2013 CAP support for agriculture related to the implementation of a uniform model of area payments as a core support instrument and additionally on the implementation of technical and procedural simplifications cocerning: a new measure to...

In this paper we offer some reflections on the Cap reform process, starting from analysis of the objectives and the solidity of its two financial pillars. In the first part of the paper agricultural expenditure is re-classified on the basis of major Cap intervention typologies, showing how a...

Economic theory suggests several possible mechanisms through which direct government farm payments might influence the efficiency and structural change in agriculture. This study estimates identify the main determinants of efficiency, particularly, what effect farm payments have had on...