In the near future the CAP will continue to be structured around two pillars. In the first pillar the main instrument for producers’ support is the decoupled Single Farm Payment. In this paper we review the methodological framework for analysing decoupled payments in models of agricultural...

The EU's CAP has changed significantly over theyears, largely as a result of international pressure through GATT and the WTO, but it still has the support of farm incomes as its main concern. The old CAP of market price support has more or less been displaced by decoupled income support, in the...

This analysis utilises a model of production under risk estimated on Finnish farm-level data to measure farmers’ risk attitudes in a changing policy environment. We find evidence of heterogeneous risk preferences among farmers, as well as notable changes over time in farmers’...