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

Alba Castañeda-Vera and Alberto Garrido

Economia Agraria y Recursos Naturales, 2017, vol. 17, issue 01

Abstract: 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

Keywords: Agribusiness (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

Downloads: (external link)
https://ageconsearch.umn.edu/record/257984/files/E ... isk%20management.pdf (application/pdf)
https://ageconsearch.umn.edu/record/257984/files/E ... t.pdf?subformat=pdfa (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:earnsa:257984

DOI: 10.22004/ag.econ.257984

Access Statistics for this article

More articles in Economia Agraria y Recursos Naturales from Spanish Association of Agricultural Economists Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().