The MacSharry Challenge: A Farm Simulation Study

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1994-02-01
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Giardini, Giovanni
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Center for Agricultural and Rural Development

The Center for Agricultural and Rural Development (CARD) conducts innovative public policy and economic research on agricultural, environmental, and food issues. CARD uniquely combines academic excellence with engagement and anticipatory thinking to inform and benefit society.

CARD researchers develop and apply economic theory, quantitative methods, and interdisciplinary approaches to create relevant knowledge. Communication efforts target state and federal policymakers; the research community; agricultural, food, and environmental groups; individual decision-makers; and international audiences.

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A mathematical programming model is used to investigate the effects of the MacSharry Common Agricultural Policy (CAP) reform on crop yields, rotations, and tillage systems of a representative Italian farm. Both professional and small producer regimes are evaluated. The results of the simulation show the profound impact of the policy changes on farm income and land value. No-tillage is introduced to compensate for lower returns, with a strong reductive effect on crop yields. Overall, farm returns are maximized under the professional support regime.

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Sat Jan 01 00:00:00 UTC 1994
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