By Berkeley Hill
The typical Agricultural coverage (CAP) has been assisting the earning of the ecu Union's agricultural neighborhood for part a century. regardless of this, there's nonetheless no legit method in position to trace the commercial well being of farmers and their households. This publication examines the proof at the total wealth of farming families, and concludes that during approximately all member states, they aren't in most cases a negative area of society, with disposable earning which are just like, or exceed, the nationwide regular. during this up-to-date version, the writer discusses the newest facts, makes suggestions for collecting greater info, and considers the results for the CAP as we input the second one decade of the twenty first century.
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Extra resources for Farm incomes, wealth and agricultural policy : filling the CAP's core information gap
Agricultural commodity prices were to be adjusted with this in mind; legislation of 1975 set the target of parity by 1982. A resolution of 1976 expanded the basis of comparison to one of living standards, not just income. By the mid-1980s this had become interpreted in agricultural price negotiations as the objective of achieving the same income level for farmers as for industrial workers and, apart from the effects of taxation, the same standard of living. Thus the history of this parity-objective evolved from simple income goals to a more complex approach in which adjustments were made for the cheaper food on farms, the rental value of houses, distance from work, holidays, inconvenient working hours, job security, social insurance and so on.
There is no single official US policy statement equivalent to Article 39 of the Treaty of Rome which acts as a foundation of later developments. Instead, policy is carried forward primarily using a series of periodic (five-year) Farm Acts. If one were determined to seek parallels, it might be noted that in 1948 the US Congress, when providing the Federal Charter for the Commodity Credit Corporation (the agency which operated commodity price support), declared the objectives as `. stabilising, supporting and protecting farm incomes and prices.
Some claimed that the 1996 Federal Agricultural Improvement and Reform (FAIR) Act marked a paradigm shift in policy, involving the replacement of the traditional protection of family farming with one emphasising market efficiency (Tweeton and Zulauf, 1997), though in retrospect this was more a matter of adjusting balance than one of fundamental change. The Farm Security and Rural Investment Act of 2002 (2002 Farm Act) changed the balance back again by introducing direct payments without articulating the income objectives clearly.
Farm incomes, wealth and agricultural policy : filling the CAP's core information gap by Berkeley Hill