In this article we investigate the effect of the Eurpean CAP reform on a selection of arable crops in England, both at a regional and national level. The results show that the CAP will push farmers to adjust to the new market conditions, which will cause a further restructuring of the English agricultural business sector. Our results show that, under the new market conditions, economically-small farms will increase their output by allocating more land to cereals, whereas economically-large farms will need to decrease land allocated to cereals to reduce production costs and achieve better returns.
Predicting the Impact of the EU Common Agricultural Policy Reform in England: Micro and Macroeconomic Aspects
PAZIENZA, PASQUALE
2007-01-01
Abstract
In this article we investigate the effect of the Eurpean CAP reform on a selection of arable crops in England, both at a regional and national level. The results show that the CAP will push farmers to adjust to the new market conditions, which will cause a further restructuring of the English agricultural business sector. Our results show that, under the new market conditions, economically-small farms will increase their output by allocating more land to cereals, whereas economically-large farms will need to decrease land allocated to cereals to reduce production costs and achieve better returns.File in questo prodotto:
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