Title: The economic impact of public support to agriculture : an international perspective /
Authors: Ball, V. Eldon.; Fanfani, Roberto, 1943-; Gutierrez, Luciano.
Publisher: Springer,
Year: 2010
Subjects: Agriculture Economic aspects; Agriculture and state.
Abstract: The recent reforms of the Common Agricultural Policy (CAP) of the European Union extend in a significant way the "decoupling" process started some ten years earlier. By adopting the Single Farm Payment (SFP) scheme only limited support for agriculture is tied to current production decisions. This is also true of U.S. farm policy. The reform act of 1996 introduced greater planting flexibility, shifted some support to direct payments, and eliminated the authority for acreage reduction programs. The 2002 and 2008 Acts retained these features. However, they added countercyclical components to direct payments based on market prices and historic production, and allowed for updating of base acreage underlying direct payments. These steps arguably reintroduced ties between support and production decisions. This volume explores the economic implications of these recent changes in the design of agricultural policies for the economic performance of the sector in the European Union and the United States.
Contents: Recent developments and applications from the OECD toolbox / Carmel Cahill and Roger Martini -- US and EU agricultural policy: divergence or convergence? / Andrew Schmitz and Troy G. Schmitz -- The "health check" of the CAP reform: lessons from its impact assessment / Tassos Haniotis -- The incidence of US farm programs / Julian M. Alston -- Impact of subsidies on farm productivity and efficiency / Subal C. Kumbhakar and Gudbrand Lien -- Productivity and profitability of US agriculture: evidence from a panel of states / V. Eldon Ball ... [et al.] -- Biofuels expansion in a changing economic environment: a global modeling perspective / May Peters, Richard Stillman, and Agapi Somwaru -- Ethanol and corn prices: the role of US tax credits, mandates, and imports / Harry de Gorter and David R. Just -- Modeling the effects of U.S. biofuel policies on commodity and energy markets / C.S. Kim, Glenn Schaible, and Stan Daberkow -- Biofuels versus food competition for agricultural resources: impacts on the EU farming systems / Massimo Canali and Maurizio Aragrande -- WTO compliance and domestic farm policy change / Tim Josling -- Agricultural competitiveness / V. Eldon Ball ... [et al.] -- The behavior of relative food prices: an analysis across the European countries / Luciano Gutierrez, Cristina Brasili, and Roberto Fanfani -- The political economy of the US crop insurance program / Bruce A. Babcock -- Aggregation and arbitrage in joint production / V. Eldon Ball ... [et al.] -- Standard and Bayesian random coefficient model estimation of US corn-soybean farmer risk attitudes / Michael Livingston, Ken Erickson, and Ashok Mishra.