Impact of the European Enlargement and Cap Reforms on Agricultural Markets. Much Ado About Nothing? The

John C. Beghin, John C. Beghin, Fengxia Dong, Amani Elobeid, Frank H. Fuller, Holger Matthey, Simla Tokgoz and Eric J. Wailes
Authors registered in the RePEc Author Service: John Beghin (jbeghin2@unl.edu)

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: Policy reforms in the EU require careful consideration because the EU is a significant player in international agricultural markets for many commodities. We analyze the effects on world agricultural markets of the 2003 Common Agricultural Policy (CAP) reform and the accession of ten new member states (NMS) to the EU on May 1, 2004. Given past reforms, changes introduced in the 2003 CAP have only a moderate impact on the EU-15, causing small decreases in production for most commodities and raising domestic prices marginally. Beef, rice, and dairy experience the greatest changes. Accession leads to substantial increases in domestic prices of several commodities in the ten NMS because their prices were historically below EU-15 prices. Consequently, consumption of agricultural products in these countries decreases while production rises. Trade with the NMS causes EU-15 prices to decline modestly, and the two reforms combined have moderate or negligible effects on world markets.

Keywords: CAP reform; common agricultural policy; EU enlargement; European agriculture; new member states (search for similar items in EconPapers)
Date: 2005-02-02
New Economics Papers: this item is included in nep-agr
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Published in Journal of International Agricultural Trade and Development, Spring 2007, vol. 3 no. 1, pp. 57-70

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Working Paper: The Impact of The European Enlargement and CAP Reforms on Agricultural Markets. Much Ado about Nothing? (2006)
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