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August 05, 2007

Oh Dear

Err, I think not (as always, happy to be corrected though).

Farmers, organic or otherwise, are rewarded for overproduction by the common agricultural policy, so they overproduce - it’s not like they’re doing so fabulously that they can wave the money away.

EU subsidies are now based upon acreage alone. They are no longer tied to production.

August 5, 2007 | Permalink

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Comments

FWIW this is the official EU brief: The Common Agricultural Policy Explained:
http://ec.europa.eu/agriculture/publi/capexplained/cap_en.pdf

This is the Wiki entry:
http://en.wikipedia.org/wiki/Common_Agricultural_Policy

And this is the BBC brief: Q&A Common Agricultural Policy
http://news.bbc.co.uk/1/hi/world/europe/4407792.stm

Posted by: Bob B | Aug 5, 2007 8:22:50 PM

CAP is negative land value tax at its worst.

Posted by: Mark Wadsworth | Aug 6, 2007 10:38:57 AM