Perspectives on Addressing Market Instability and Income Risk for Farmers
AbstractSuccessive reforms of the EU’s Common Agricultural Policy since 1992 have gradually switched support from market and price management to direct payments, which since 2005 are largely decoupled. This more market-oriented CAP means that farmers must now take responsibility for managing those risks that were formerly absorbed by market and price support policies. There is a vigorous debate on how to adapt the CAP to help farmers and the food chain cope better with risk and crisis management. This paper reviews the possible policy options and proposes an extended role for Member States to address agricultural income instability through either enhanced income insurance or income safety net schemes.
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Bibliographic InfoPaper provided by IIIS in its series The Institute for International Integration Studies Discussion Paper Series with number iiisdp324.
Length: 31 pages
Date of creation: Apr 2010
Date of revision: Apr 2010
Price volatility; agricultural market management; futures markets; income insurance; income safety nets; Common Agricultural Policy;
Find related papers by JEL classification:
- Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy
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