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The European Union's Common Agricultural Policy (CAP)

Alan Swinbank ()

from Palgrave Macmillan

Abstract: The EU's CAP has changed significantly over theyears, largely as a result of international pressure through GATT and the WTO, but it still has the support of farm incomes as its main concern. The old CAP of market price support has more or less been displaced by decoupled income support, in the shape of the Single Payment Scheme. Cross compliance applies, addressing concerns about European agriculture's multifunctionality; and there is a renewed anxiety about food security. The CAP's Second Pillar, with targeted support for rural development and environmental protection, plays a subsidiary role.

Keywords: Agriculture; CAP; Common Agricultural Policy; decoupled payments; EU; farm income; food security; General Agreement on Tariffs and Trade; GATT; multifunctionality; rural development; Second Pillar; World Trade Organization; WTO (search for similar items in EconPapers)
JEL-codes: F13 F15 Q18 (search for similar items in EconPapers)
Date: 2011
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Handle: RePEc:pal:dofeco:v:5:year:2011:doi:3851