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Supplementing farm price policy by direct income payments: Cost-benefit-analysis of alternative farm policies with a special application to German agriculture

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  • U. KOESTER
  • S. TANGERMANN

Abstract

Summary Increasing problems of EEC farm price policy in balancing allocative and distributive objectives have evoked much criticism and several suggestions for alternative policies. In this paper a proposal gradually to complement price policy by direct income payments to farmers is made. Methodological problems of estimating the economic effects of such a policy shift are discussed. Results of an empirical study for German agriculture are presented. Political problems of implementing this policy are considered. The paper is based on a study prepared for the German Ministry for Agriculture. From the methodological point of view the emphasis is on specific problems of applying cost-benefit-methods to farm price policy. The need for multidimensional objective functions, definition of a reference system, dynamic analysis and consideration of market distortions are stressed. The empirical study shows positive potential benefits of a reduction in price support for a fairly wide range of circumstances.

Suggested Citation

  • U. Koester & S. Tangermann, 1977. "Supplementing farm price policy by direct income payments: Cost-benefit-analysis of alternative farm policies with a special application to German agriculture," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 4(1), pages 7-31.
    • Handle: RePEc:oup:erevae:v:4:y:1977:i:1:p:7-31.
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    File URL: http://hdl.handle.net/10.1093/erae/4.1.7
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    Cited by:

    1. Pavleska, Marija & Kerr, William A., 2020. "Importer's risk, smuggling and the role of incentives in the management of animal diseases," Ecological Economics, Elsevier, vol. 175(C).
    2. Stefan Tangermann, 1979. "Les relations commerciales entre la CEE et les pays exportateurs de produits agricoles des régions tempérées," Économie rurale, Programme National Persée, vol. 132(1), pages 20-30.
    3. Sahrbacher, Christoph, 2011. "Regional structural change in European agriculture: Effects of decoupling and EU accession," Studies on the Agricultural and Food Sector in Transition Economies, Leibniz Institute of Agricultural Development in Transition Economies (IAMO), volume 60, number 60.
    4. Harald Witzke, 1986. "Endogenous supranational policy decisions: The Common Agricultural Policy of the European Community," Public Choice, Springer, vol. 48(2), pages 157-174, January.
    5. Thomas Glauben, 2021. "Ulrich Koester. Foundations of Agricultural Market Analysis and Agricultural Policy," Journal of New Economy, Ural State University of Economics, vol. 22(1), pages 131-138, April.
    6. Glauben, Thomas, 2021. "[Book Review] Ulrich Koester: Foundations of agricultural market analysis and agricultural policy," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 22(1), pages 131-138.
    7. Runge, C. Ford & von Witzke, Harald, 1985. "Institutional Innovation In The Common Agricultural Policy Of The European Community," Staff Papers 14170, University of Minnesota, Department of Applied Economics.
    8. Yrjola, Tapani & Kola, Jukka, 2002. "Social Benefits of Multifunctional Agriculture in Finland," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24812, European Association of Agricultural Economists.

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