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Evaluation of Agricultural Policy Reforms in the European Union

The Common Agricultural Policy 2014-20

image of Evaluation of Agricultural Policy Reforms in the European Union

The Common Agricultural Policy (CAP) is the primary agricultural policy instrument of the European Union. This report focuses on the new features and institutional context of the current CAP 2014-20, adopted by the European Parliament and the European Council in December 2013. Special attention is given to risk management instruments and environmental measures. The conclusions drawn in this report seek to inform future reforms of the CAP.

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Risk management

Risk management tools aim to address downward income fluctuations. Income risks stemming from weather fluctuations, natural disasters, pests and diseases have always been important in the agricultural sector. In a context of more open agricultural markets, farm revenues are now more directly influenced by price developments than a decade ago, reinforcing the need for a comprehensive risk assessment. The CAP contains several measures that are labelled specifically as risk management instruments, but many more measures and payments directly or indirectly influence the risk exposure of farmers. This chapter reviews these measures and builds on previous work on risk management to describe selected examples of risk management strategies in Spain, the Netherlands, Canada and the United States.

English

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