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Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

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Record number 344282
Title Effects of the 2003 CAP Reform on Investments of Dutch Dairy Farms Simulations with a Household Production Model
Author(s) Peerlings, J.H.M.; Ooms, D.L.
Source In: Modelling Agricultural Policies: State of the Art and New Challenges, 89th European Seminar of the EAAE, Parma, 3-5 February 2005. - Parma, Italie : - p. 882 - 892.
Event Parma, Italie : 89th European Seminar of the EAAE, 2005-02-03/2005-02-05
Department(s) Agricultural Economics and Rural Policy Group
Publication type Contribution in proceedings
Publication year 2005
Abstract This paper develops a non-separable household production model capable of analyzing the effects of the 2003 CAP reform, and especially EU farm payments, on individual Dutch dairy farms. Model results show that the 2003 CAP reform farm payments do not fully compensate the income loss caused by the milk price decrease. This implies that savings, and therefore, investment decreases. Investment shifts away from on-farm investment to off-farm investment. On-farm investment in milk quotas falls compared to investment in capital and land because the shadow price of milk quotas decreases relatively to the shadow prices of land and capital.
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