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Alternative EU CAP Tools for Stabilising Farm Incomes in the Era of Climate Change

Ole Boysen, Kirsten Boysen-Urban and Alan Matthews ()

No 202103, Working Papers from Geary Institute, University College Dublin

Abstract: No reliable supports protect EU farmers from the catastrophic risks which are expected to increase in frequency and severity due to climate change. We propose three transparent, predictable, and fair safety net policies which operate with indices on the Member State level. Simulations with a tailored global model of a series of historic yield shocks as observed over past decades serve as a test bed to quantify the costs and benefits of these policies in EU Member States using various risk metrics. The results highlight properties of and rankings among these polices useful for guiding future policy design and assessment.

Keywords: Safety nets; risk management; income stabilisation; climate change; EU Common Agricultural Policy (search for similar items in EconPapers)
JEL-codes: Q18 Q54 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2021-03-12
New Economics Papers: this item is included in nep-agr, nep-env and nep-rmg
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Persistent link: https://EconPapers.repec.org/RePEc:ucd:wpaper:202103

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