ECONOMIC ANALYSIS OF MILK QUOTA SYSTEM IN THE EUROPEAN UNION AGRICULTURAL POLICY

Vladimir Grbic, Milan R. Milanovic and Milutin T. Dorovic

Economics of Agriculture, 2010, vol. 57, issue 4

Abstract: The main aim of this paper is to analyze the effects of the quotas imposed on the milk production in Common Agricultural Policy of the European Union. It is concluded that the quotas system is, in conceptual sense, a weaker solution than a free market solution. However, the situation on the аgricultural market in the time of setting up the quota system in 1984 prescribed the goals which were partly committed : the milk prices have been stabilized; the budget expenses decreased; and the level of farmers revenue have been maintained. The negative effects of that system can be identified: enhanced expenditure of milk production, higher prices of milk and milk products than world prices and stagnation of the export

Keywords: Agricultural and Food Policy; International Relations/Trade (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/245156/files/Article%201.pdf (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:iepeoa:245156

DOI: 10.22004/ag.econ.245156

Access Statistics for this article

More articles in Economics of Agriculture from Institute of Agricultural Economics Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().