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The Reform of the Common Agricultural Policy. Consequences for the Austrian Agricultural Sector

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  • Franz Sinabell
  • Erwin Schmid

Abstract

On the 26th of June 2003 an agreement was reached by farm ministers to reform the Common Agricultural Policy of the EU. Decoupling direct payments from farm output and the reduction of administrative prices are core elements of this reform. The goals of the reform are less output of cereals, beef, and milk, stabilised farm incomes and a farm sector that will be more competitive. Model simulations show that the intended outcomes are likely to be realised in Austria.

Suggested Citation

  • Franz Sinabell & Erwin Schmid, 2003. "The Reform of the Common Agricultural Policy. Consequences for the Austrian Agricultural Sector," Austrian Economic Quarterly, WIFO, vol. 8(3), pages 84-101, August.
    • Handle: RePEc:wfo:wquart:y:2003:i:3:p:84-101
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    References listed on IDEAS

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    3. Marcus Scheiblecker & et al., 2003. "Österreichs Wirtschaft im Jahr 2002: Neuerlich ungenügendes Wachstum," WIFO Monatsberichte (monthly reports), WIFO, vol. 76(4), pages 257-323, April.
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    6. Franz Sinabell & Erwin Schmid, 2003. "Entkopplung der Direktzahlungen. Konsequenzen für Österreichs Landwirtschaft," WIFO Studies, WIFO, number 23706.
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    Cited by:

    1. Schmid, Erwin & Sinabell, Franz, 2004. "Multifunctionality of Agriculture: Political Concepts, Analytical Challenges and an Empirical Case Study," Discussion Papers DP-08-2004, University of Natural Resources and Life Sciences, Vienna, Department of Economics and Social Sciences, Institute for Sustainable Economic Development.
    2. Schmid, Erwin & Sinabell, Franz & Hofreither, Markus F., 2007. "Phasing out of environmentally harmful subsidies: Consequences of the 2003 CAP reform," Ecological Economics, Elsevier, vol. 60(3), pages 596-604, January.
    3. Fritz Breuss, 2003. "Austria, Finland and Sweden in the European Union. Economic Effects," Austrian Economic Quarterly, WIFO, vol. 8(4), pages 131-158, December.
    4. Gudrun Biffl & Julia Bock-Schappelwein & Wilfried Puwein & Franz Sinabell, 2003. "Strukturpolitische Herausforderungen für das Waldviertel aus der EU-Erweiterung," WIFO Monatsberichte (monthly reports), WIFO, vol. 76(8), pages 623-642, August.
    5. Schmid, Erwin, 2004. "Das Betriebsoptimierungssystem FAMOS - FArM Optimization System," Discussion Papers DP-09-2004, University of Natural Resources and Life Sciences, Vienna, Department of Economics and Social Sciences, Institute for Sustainable Economic Development.
    6. Hofreither, Markus F. & Schmid, Erwin & Sinabell, Franz, 2004. "Phasing Out Of Environmentally Harmful Subsidies: Effects Of The Cap 2003 Reform," 2004 Annual meeting, August 1-4, Denver, CO 20169, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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