The economic impact of public support to agriculture: an international perspective

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. The book is organized around five themes: (1) New Directions in Agricultural Policy: U.S. and EU Perspectives; (2) Agricultural Policy and Economic performance; (3) Energy and Agricultural Policy; (4) International Trade and Agricultural Policy; and (5) Commodity Programs and Risk Management. The authors apply rigorous tools to analyze the impact and implications of current agricultural policies on efficiency, productivity, and competitiveness in the sector, and consider opportunities for improvement in policymaking and practice." Brings together insights from experts in economics, international trade, agricultural policy, and statistics to assess the current state of the agricultural and bio-fuelssector Analyzes recent agricultural policy reforms in the U.S. and the EU, with respect to both research and practical/policymaking implications The first book to apply rigorous concepts of productivity and efficiency analysis to agriculture policy INDICE: 1. Introduction and Overview.- V. Eldon Ball, Roberto Fanfani, andLuciano Gutierrez.- Part 1. New Directions in Agricultural Policy: U.S. and European Perspectives.- 2. Recent Developments and Applications from the OECD Toolbox.- Carmel Cahill and Roger Martini.- 3. U.S. and EU Agricultural Policy:Divergence or Convergence?.- Andrew Schmitz and Troy Schmitz .- 4. The CAP Reform “Health Check”: Lessons From the Impact Assessment.- Tassos Haniotis.- 5.The Incidence of US Farm Programs.- Julian Alston .- Part 2. Agricultural Policy and Economic Performance.- 6. The Effects of Subsidies on Farm Productivity and Efficiency of Production.- Subal Kumbhakar and Gudbrand Lien .- 7. R&D and U.S. Agricultural Productivity: A State Panel Approach.- V. Eldon Ball, Rolf Färe, Shawna Grosskopf, and Dimitri Margaritis.- Part 3. Energy and Agricultural Policy.- 8. Bio-fuels Expansion in a Changing Economic Environment: A Global Modelling Perspective .- May Peters, Richard Stillman, and Agapi Somwaru.-9. Ethanol and Corn Prices: The Role of U.S. Tax Credits, Mandates, and Import Tariffs .- Harry De Gorter and David Just.- 10. Modelling the Effects of US Bio-Fuel Policies on Commodity and Energy Markets.- C.S. Kim, Glenn Schaible, and Stan Daberkow.- 11. Bio-fuels vs. Food Competition for Agricultural Resources: Analysis of Impacts on the EU Farming System .- Massimo Canali and Maurizio Aragrande.- .- Part 4. International Trade and Domestic Agricultural Policy.- 12. WTO Compliance and Domestic Farm Policy Change .- Tim Josling.- 13. Agricultural Competitiveness .- V. Eldon Ball, J-P Butault, Carlos San Juan, and .- Ricardo Maro.- 14. The Behaviour of Relative Food Prices: An Analysis Across the European Countries .- Luciano Gutierrez, Cristina Brasili, and Roberto Fanfani .- Part 5. Commodity Programs and Risk Management.- 15. The Political Economy of U.S. Crop Insurance .- Bruce Babcock .- 16. Aggregation and Arbitrage in Joint Production .- V. Eldon Ball, Ricardo Cevazos, Jeff LaFrance, .- Rulon Pope, and Jesse Tack.- 17. Standard and Bayesian Random Coefficient Model Estimation of U.S. Corn-Soybean Farmer Risk Attitudes .- Michael Livingston, Ashok Mishra, and Ken Erickson.

• ISBN: 978-1-4419-6384-0
• Editorial: Springer
• Encuadernacion: Cartoné
• Páginas: 400
• Fecha Publicación: 29/08/2010
• Nº Volúmenes: 1
• Idioma: Inglés