The changing climate for rural development and its finance in Europe: the RISE foundation

Franz Fischler and Corrado Pirzio-Biroli

Politica Agricola Internazionale - International Agricultural Policy, 2007, vol. 2007, issue 01

Abstract: This paper summarizes the internal and external challenges, aims and strategies underpinning the Fischler reform. It describes in some detail the main challenges we face: environmental degradation, potential food scarcity, and financing stringency. It reaches some unusual conclusions such as: the New CAP must give primacy to world problems and needs; the reform process must continue even if third countries do not reform their own policies; the main question is not short-term competitiveness but long-term sustainability, and how best balance food demand and supply, save energy and water, and preserve the environment all at the same time; excessive bio-fuel production boosts prices and reduces food availability with minor impact on energy dependance; when food becomes scarce, current competition among crop producers for food markets will be replaced by competition among food-importing countries for supplies with producing countries imposing export limits; dwindling public support for the CAP, needs countervailing private financing for rural development. The first such instrument is the RISE Foundation just launched to promote Rural Investment Support for Europe.

Keywords: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eiapai:329192

DOI: 10.22004/ag.econ.329192

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