An official website of the European Union How do you know?      
European Commission logo
JRC Publications Repository Menu

The Impact of the 2013 Reform of the Common Agricultural Policy on Land Capitalization in the European Union

cover
Decoupled direct payments to farmers were introduced in the European Union (EU) in the form of the Single Payment Scheme (SPS) in 2005. The 2013 Common Agriculture Policy (CAP) reform changed both the implementation of the SPS and its budget. We assess the possible effects of the 2013 CAP reform on EU land markets, particularly the capitalization of the SPS in land rental values. Our analyses suggest that the implementation details of the 2013 CAP reform will largely determine the impact of the SPS on land markets. The key considerations are the reference period for entitlement allocation, regionalization, payment differentiation, and budgetary changes. Our analysis also implies that a number of relatively minor policy changes could have substantial impacts on land markets.
2014-12-09
OXFORD UNIV PRESS INC
JRC91125
2040-5790,   
http://aepp.oxfordjournals.org/content/early/2014/07/22/aepp.ppu016.full,    https://publications.jrc.ec.europa.eu/repository/handle/JRC91125,   
doi:10.1093/aepp/ppu016,   
Language Citation
NameCountryCityType
Datasets
IDTitlePublic URL
Dataset collections
IDAcronymTitlePublic URL
Scripts / source codes
DescriptionPublic URL
Additional supporting files
File nameDescriptionFile type 
Show metadata record  Copy citation url to clipboard  Download BibTeX
Items published in the JRC Publications Repository are protected by copyright, with all rights reserved, unless otherwise indicated. Additional information: https://ec.europa.eu/info/legal-notice_en#copyright-notice