The modernization process in Greek Agriculture: The case of investment aid

The present study focuses on certain critical aspects of the agricultural modernization, in the course of implementation of the investment aid scheme in Greece. Although the investments made under the scheme, contributed to the significant reorganization of the farms as well as to employment creation, serious deficiencies were detected in the way the scheme has been designed and implemented: lack of programming logic serving specific targets and of suitable mechanisms for information and back-up of farmers on technico-organizational matters, as well as non-incorporation of the principles of programming, monitoring and assessment. The way the scheme was implemented, exemplifies the subventionist logic of income assistance, and underlines some standing characteristics in Greek agricultural policy. Finally, alternative priorities of investment policy application are examined.