Modelling the Impact of the CAP Reform on Farm Investments
| dc.creator | Sckokai, Paolo | |
| dc.creator | Moro, Daniele | |
| dc.date | 2017-04-01T17:43:29Z | |
| dc.date.accessioned | 2026-07-09T03:47:16Z | |
| dc.description | In this paper we evaluate empirically the impact of policies on farm investment and output decisions, considering risk-averse farmers making inter-temporal choices on current and future profits. We refer specifically to the recent reform of the CAP, while estimation and simulation results are carried out on a FADN sample of Italian arable crop farms. The main message of the paper is that a policy change that shifts resources from price support to direct payments tend to consistently reduce farm investments, mainly as a result of the increased output price volatility, which increases the level of uncertainty faced by farmers. However, this is not clearly reflected in a negative impact on farm output. | |
| dc.identifier | doi:10.22004/ag.econ.24468 | |
| dc.identifier | https://ageconsearch.umn.edu/record/24468/files/cp05sc02.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/24468 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/539889 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/24468 | |
| dc.title | Modelling the Impact of the CAP Reform on Farm Investments | |
| dc.type | Text |