An Evaluation of the Compensation Required by European Union Cereal Growers to Accept the Removal of Price Support.

Fraser, R. (2003) An Evaluation of the Compensation Required by European Union Cereal Growers to Accept the Removal of Price Support. Journal of Agricultural Economics, 54 (3). 431 -445. ISSN 0021-857X. (The full text of this publication is not available from this repository)

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Abstract

Motivated by the policy trend of exposing European Union farmers to more market risk by reducing price support, this paper evaluates the compensation required by EU cereal growers to accept the complete removal of price support. Additional considerations are whether this policy change also includes the removal of set-aside, or features only a partial removal of price support. A model is developed which captures the main on- and off-farm factors influencing grower perceptions of the impact of this policy change. This model is subjected to a numerical analysis which shows that divergent assessments of the expected profitability of releasing to production land previously set-aside mean growers are unlikely to agree whether compensation is even required. It is concluded that the retention of set-aside for environmental purposes is likely to mean growers are more united in their perception of the need for, and amount of compensation to accept the removal of price support.

Item Type: Article
Subjects: H Social Sciences > HD Industries. Land use. Labor
Divisions: Faculties > Social Sciences > Kent Business School
Depositing User: Robert Fraser
Date Deposited: 05 Sep 2008 11:19
Last Modified: 14 Jan 2010 14:19
Resource URI: http://kar.kent.ac.uk/id/eprint/5184 (The current URI for this page, for reference purposes)
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