The paper attempts to evaluate, on the basis of two scenarios (moderate and radical), the effects of CAP reforming compared to the situation of current CAP scenario and its effects upon welfare. Direct payments for the large farms, some of them operating on thousands of hectares, cannot...

With the ongoing “Health Check” and the decisions needed for after 2013, the Common Agricultural Policy is likely to see another major reform and an increase in compulsory modulation. By employing a regional model, this paper compares the long-term impact of spending along the Pillar 2 Axes...