Single Farm Payment in the European Union and its implications on New Zealand dairy and beef trade
The 2003 reform of the European Union's Common Agricultural Policy (CAP) replaced the coupled direct support schemes by a Single Farm Payment (SFP), which will be mainly delivered to farmers irrespective of what they produce (hence 'decoupled' from production). The level of decoupling differs among the Member States. This paper assesses the implementation of the SFP across Member States and how far it has been decoupled. The expected changes in the European Union's and New Zealand's trade in dairy products and beef resulting from the 2003 reform of the CAP are simulated, using a partial equilibrium trade model (Lincoln Trade and Environment Model; LTEM).... [Show full abstract]
KeywordsSingle Farm Payment; European Union; New Zealand; direct payments; Lincoln Trade and Environment Model (LTEM); Common Agricultural Policy (CAP)
TypeConference Contribution - Published (Conference Paper)
Copyright by author(s). Readers may make copies of this document for non-commercial purposes only, provided that this copyright notice appears on all such copies.