Analysis of the Impact on UK Sugar Production Efficiency of Reforming the EU Sugar Regime

Alan Renwick and Cesar Revoredo Giha ()
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Cesar Revoredo Giha: Department of Land Economy, University of Cambridge
Authors registered in the RePEc Author Service: Cesar Luis Revoredo Giha

No 07.2005, Environmental Economy and Policy Research Working Papers from University of Cambridge, Department of Land Economics

Abstract: The purpose of the paper is examining the potential implications for the UK sugar beet sector of the EU sugar regime reform. Although the reform has yet to be formalised, the initial proposals centre on price and quota cuts. Using panel data from the Farm Business Survey for England, the paper estimates two cost functions: one for the sugar enterprise and another for the cropping part of the farm (i.e., excludes any livestock enterprise) and use them to analyse the impacts on profitability and costs of three possible reform scenarios: a 25 per cent cut in UK quota, a 25 per cent cut in price, a 40 per cent cut in price. The results show that the largest gains in terms of economic efficiency would be achieved under the 40 per cent price cut; however, the models suggest that this would also lead to the greatest reduction in production if the fixed costs of producing sugar were not adjusted.

Keywords: EU sugar reform; UK agriculture; UK sugar beet production; Multi-output cost function. (search for similar items in EconPapers)
Date: 2005, Revised 2005
New Economics Papers: this item is included in nep-agr and nep-eff
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Related works:
Working Paper: ANALYSIS OF THE IMPACT ON UK SUGAR PRODUCTION EFFICIENCY OF REFORMING THE EU SUGAR REGIME (2005)
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