This book discusses a proposed bond scheme as part of theCommon Agricultural Policy reform in the EU. It presents a major survey of farmers conducted in Germany, Portugal and the UK to determine their likely reactions to the introduction of a bond scheme or similar partially decoupled payments such ...

This chapter discusses how a bond scheme might be implemented as part of the Common Agricultural Policy reform in the EU, addressing some concerns expressed by stakeholders. Topics covered include: determining payment levels, base entitlements and payment profiles; market capitalization of bonds;...

This chapter reviews proposals for decoupled payments to facilitate Common Agricultural Policy reform, highlighted in the literature from the 1960s, 1970s, and 1980s. The issues emerging from a bond scheme proposed in a 1990 report for the Land Use and Food Policy Inter-Group of the European...

This chapter discusses the importance of direct payments under the Common Agricultural Policy in the EU, and their treatment in the World Trade Organization. Topics covered include the origins of the 1992 reforms, the 1992 (MacSharry) and 1999 (Agenda 2000) reforms, and limits on the total level of ...

This chapter explores the practicalities and acceptability of a bond scheme as part of Common Agricultural Policy reform in the EU. It begins with a discussion on the need for a decision on the future of direct payments. A six-component implementation of the bond scheme is described. The difference ...

This chapter highlights three themes that can be found in the literature regarding the purpose of decoupled payments. Sometimes decoupled payments have been advocated as compensation for the removal of price or income support policies. Other authors, while advocating reform of existing price and...

This chapter discusses a postal survey of farmers conducted in the UK, Germany and Portugal (n=∼4500 in each country; response rate=40.2, 36.8, and 33.4%, respectively) aimed at determining their reactions to a proposed bond scheme as part of the Common Agricultural Policy reform in the EU. It...

This chapter reviews the debate on direct payments within the context of Common Agricultural Policy (CAP) reform, and its relation to EU expansion and World Trade Organization negotiations. Topics covered include the process of CAP reform, the context and pressures for CAP reform, and prospects for ...

This chapter discusses a bond scheme proposal as part of the Common Agricultural Policy (CAP) reform in the EU. It suggests that the direct payments of CAP's first pillar made over a period of time be replaced with a system of tradable bonds, which will help farms adjust to the transition from CAP...

This chapter discusses the failed attempt to adopt a bond scheme as part of the Common Agricultural Policy (CAP) reform in 1992. It begins with a review of the 1991 Danish bond scheme proposal. The factors attributed to the failure of the bond scheme are then analysed, including: the timing of the...