Dairy reform scenarios with CAPSIM acknowledging quota rent uncertainty
Heinz Peter Witzke and
No 43654, 2008 International Congress, August 26-29, 2008, Ghent, Belgium from European Association of Agricultural Economists
The study provides an agricultural multi commodity analysis able to focus and investigate the ongoing EU milk reform. The analysis is carried with the Common Agricultural Policy SIMulation (CAPSIM) model which is a comparative-static, partial equilibrium modelling tool covering the whole of agriculture of EU member states. The model provides a reference run which is a "baseline scenario" where the 2003 CAP Reform is projected into the future. This scenario is compared to a "quota expiry" scenario where milk quotas are abolished by 2015, a "soft landing" scenario where further quota expansions are envisaged and an "early quota expiry" by 2009. Sensitivity analysis is done for different set of quota rent assumptions and export refund abolition. Key results, under a "quota expiry scenario" are that milk production would increase by 2.8% in EU27 whereas milk prices would drop by 7.5%.
Keywords: Agricultural and Food Policy; Agricultural Finance (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaae08:43654
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