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Minimum Income Policy: Elements and Effects of an Alternative Instrument of Farm Policy of the European Community

Author

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  • Schmitt, Gunther
  • Witzke, Harold von

Abstract

Price support for farm products through import restrictions still represents the main instrument for raising farm sector incomes within the Common Agricultural Policy (CAP) of the European Community (EC). The objective of this paper is first to analyze the effects of the traditional price policy of the CAP. Next, an alternative type of farm income policy will be discussed which seems to be more consistent with the general principles of income policy outside agriculture, and which should be able to avoid, or at least reduce, most of the negative effects of the present price policy of the EC.

Suggested Citation

  • Schmitt, Gunther & Witzke, Harold von, 1981. "Minimum Income Policy: Elements and Effects of an Alternative Instrument of Farm Policy of the European Community," 1981 Occasional Paper Series No. 2 197139, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaaeo2:197139
    DOI: 10.22004/ag.econ.197139
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    File URL: https://ageconsearch.umn.edu/record/197139/files/agecon-occpapers-1981-073_1_.pdf
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    References listed on IDEAS

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    1. Schmitt, Günther, 1978. "Grenzen und Möglichkeiten der landwirtschaftlichen Einkommenspolitik unter veränderten gesamtwirtschaftlichen Rahmenbedingungen," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 27(06).
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    Cited by:

    1. 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.
    2. von Witzke, Harald & Noleppa, Steffen & Schwarz, Gerald, 2010. "Decoupled Payments to EU Farmers, Production, and Trade: An Economic Analysis for Germany," Working Paper Series 59853, Humboldt University Berlin, Department of Agricultural Economics.

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