Price volatility, market regulation and risk management: challenges for the future of the CAP

No 11-04, Working Papers SMART from INRAE UMR SMART

Abstract: This article provides an analysis of the European Commission’s proposals (18 Novembre 2010) regarding the next CAP reform. It proposes a reflection centered on the volatility of agricultural prices, the market regulation mechanisms and the risk management tools (the important question of direct payment to farmers is not included here). The first section deals with the factors underlying the volatility of agricultural prices, the effects of these factors on an international scale and ways of better managing volatility through enhanced international coordination of policies associated with agriculture. The second concerns the European tools that could be mobilised to accompany and support the envisaged strategies on a more global scale. Arguments are then developed around the following topics: customs duties, export refunds, safety nets, futures markets, fiscal policies and income stabilisation tools.

Keywords: CAP; agricultural market; price volatility; risk; regulation instruments (search for similar items in EconPapers)
JEL-codes: Q10 Q13 Q18 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2011
New Economics Papers: this item is included in nep-agr and nep-reg
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Citations: View citations in EconPapers (5)

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Working Paper: Price volatility, market regulation and risk management: challenges for the future of the CAP (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:rae:wpaper:201104

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