Price volatility, market regulation and risk management: challenges for the future of the CAP

Vincent Chatellier

No 208110, Working Papers from Institut National de la recherche Agronomique (INRA), Departement Sciences Sociales, Agriculture et Alimentation, Espace et Environnement (SAE2)

Abstract: This article provides an analysis of the European Commission’s proposals (18 Novembre 2010) regarding the next CAP reform. It proposes a reflection centered on the volatility of agricultural prices, the market regulation mechanisms and the risk management tools (the important question of direct payment to farmers is not included here). The first section deals with the factors underlying the volatility of agricultural prices, the effects of these factors on an international scale and ways of better managing volatility through enhanced international coordination of policies associated with agriculture. The second concerns the European tools that could be mobilised to accompany and support the envisaged strategies on a more global scale. Arguments are then developed around the following topics: customs duties, export refunds, safety nets, futures markets, fiscal policies and income stabilisation tools.

Keywords: Agricultural Finance; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 29
Date: 2011
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Citations: View citations in EconPapers (5)

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Working Paper: Price volatility, market regulation and risk management: challenges for the future of the CAP (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:inrasl:208110

DOI: 10.22004/ag.econ.208110

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