Evaluation of risk management tools for stabilising farm income under CAP 2014-2020

Guaranteeing farm income stability is an objective of the European Union’s and the Spanish agricultural policies. In this paper, CAP direct payments, diversification, crop insurance and an Income Stabilisation Tool (IST) were compared considering (i) their effect on farm income and income stability, (ii) the expected farmers’ willingness for adoption, and (iii) the efficiency of public expenditure invested in supporting them. Main conclusions point at direct payments and crop diversification as the most effective measures in decreasing income variability. Nevertheless, using crop insurance or an IST has potential for both improving farm resilience to income variability and limiting public expenditure


Other Titles:
Evaluación de herramientas de gestión del riego para la estabilización de la renta agraria en el marco de la PAC 2014-2020
Subject(s):
Issue Date:
Jun 22 2017
Publication Type:
Journal Article
Record Identifier:
http://ageconsearch.umn.edu/record/257984
ISSN:
1578-0732
Language:
English
Published in:
Economia Agraria y Recursos Naturales, Volume 17, Number 01
Page range:
3-23
JEL Codes:
Q10; Q18




 Record created 2017-06-22, last modified 2018-01-23

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