Farmers face increasing income uncertainty and the debate is growing on the role of insuranceschemes and of public support in this field.This paper applies a PMP modelling approach that takes into explicit consideration riskaversion behaviour to test its applicability to evaluating the potential...

Replaced with revised version of paper 02/22/08.

The way entitlements are originally allocated among farmers and some conditions required to get the payments could affect farmer's willingness to trade land and entitlements. This paper - using a qualitative approach and some results of a farm based simulation analysis - explores how...

Farm direct payments (DPs) have been the main instrument of the Common Agricultural Policy (CAP) to support farm income in the EU. After the decoupling of DPs from production levels, the distributional objectives are among the major justifications of DPs. This paper addresses their role in the...

The decoupling of direct payments, caused by the introduction of the Single Payment Scheme (SPS), has generated an incentive for farmers to decrease the production of cereals, oilseeds and protein crops (COP) and (because of the reform of sugar CMO) sugar beet. In some cases, this has also...

The Common Agricultural Policy (CAP) is a major driver of the environmental and social sustainability of the agriculture in the European Union (EU). Under the 2003 CAP reform, most direct payments to agricultural producers were decoupled from production. This work assesses the possible impact of...

Farmers face increasing income uncertainty and the debate is growing on the role of insurance schemes and of public support in this field. This paper applies a PMP modelling approach that takes into explicit consideration risk aversion behaviour to test its applicability to evaluating the...