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Abstract
The aim of this paper is threefold. Firstly, we investigate the regional distribution of
support of EU’s Common Agricultural Policy (CAP). Secondly, we employ structural data of
the regions to calculate average farm revenue and to show how support and income has
developed over time. Thirdly, we analyse the stabilisation effect generated by these transfers.
This is investigated for the market price support, the first pillar payments and one agrienvironmental
program. New contributions to the literature are the use of community data and
the inclusion of a second-pillar program. The results show that there is an overall stabilisation
effect of the EU’s CAP but this effect is not equal for all regions.