Consequences of the 2003 CAP Reform on a Mediterranean Agricultural System of Portugal

Maria Leonor Silva Carvalho and Maria de Lurdes Ferro Godinho

No 24719, 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark from European Association of Agricultural Economists

Abstract: Agriculture in dry land Mediterranean areas faces considerable level of production risk as result of the unpredictable weather. Governmental income stabilisation instruments have had a major impact on Mediterranean farms in changing land allocation, and changing income levels and variability. Using a mathematical programming model, the impact of the 2003 CAP reform on land allocation and on income variability is evaluated for a Portuguese Mediterranean farm. The results show an increase of extensification of production activities. They also show an increase in total farm income, a reduction in relative total income variability and an increase in relative production income variability.

Keywords: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Pages: 12
Date: 2005
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaae05:24719

DOI: 10.22004/ag.econ.24719

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