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

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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.

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  • Rob Fraser, 2003. "An Evaluation of the Compensation Required by European Union Cereal Growers to Accept the Removal of Price Support," Journal of Agricultural Economics, Wiley Blackwell, vol. 54(3), pages 431-445, November.
    • Handle: RePEc:bla:jageco:v:54:y:2003:i:3:p:431-445
    DOI: 10.1111/j.1477-9552.2003.tb00070.x
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    Cited by:

    1. Chang, Hung-Hao & Boisvert, Richard N. & Blandford, David, 2005. "Achieving Environmental Objectives Under Reduced Domestic Agricultural Support and Trade Liberalization: An Empirical Application to Taiwan," Agricultural and Resource Economics Review, Cambridge University Press, vol. 34(1), pages 16-31, April.
    2. Loy, Jens-Peter & Steinhagen, Carsten, 2009. "Preissenkung und Kompensation auf dem EU-Milchmarkt," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 58(05-06), pages 1-10, July.
    3. Fraser, Rob W., 2004. "A method for evaluating the extent to which farm subsidies can be de-coupled before profitable arable land is abandoned in the European Union," 2004 Conference (48th), February 11-13, 2004, Melbourne, Australia 58448, Australian Agricultural and Resource Economics Society.

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