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Alternative EU CAP Tools for Stabilising Farm Incomes in the Era of Climate Change

Author

Listed:
  • Ole Boysen

    (School of Agriculture & Food Science and Geary Institute for Public Policy, University College Dublin)

  • Kirsten Boysen-Urban

    (Department of International Agricultural Trade & Food Security, University of Hohenheim)

  • Alan Matthews

    (Department of Economics, Trinity College Dublin)

Abstract

No reliable supports protect EU farmers from the catastrophic risks which are expected to increase in frequency and severity due to climate change. We propose three transparent, predictable, and fair safety net policies which operate with indices on the Member State level. Simulations with a tailored global model of a series of historic yield shocks as observed over past decades serve as a test bed to quantify the costs and benefits of these policies in EU Member States using various risk metrics. The results highlight properties of and rankings among these polices useful for guiding future policy design and assessment.

Suggested Citation

  • Ole Boysen & Kirsten Boysen-Urban & Alan Matthews, 2021. "Alternative EU CAP Tools for Stabilising Farm Incomes in the Era of Climate Change," Working Papers 202103, Geary Institute, University College Dublin.
    • Handle: RePEc:ucd:wpaper:202103
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    References listed on IDEAS

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    Cited by:

    1. Stéphanie Barral, 2023. "Risk management in the Common Agricultural Policy: the promises of data and finance in the face of increasing hazards," Review of Agricultural, Food and Environmental Studies, Springer, vol. 104(1), pages 67-76, March.

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    More about this item

    Keywords

    Safety nets; risk management; income stabilisation; climate change; EU Common Agricultural Policy;
    All these keywords.

    JEL classification:

    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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