The Luxembourg Common Agricultural Policy reform agreement: Irish dairy farmers development options
Series: Farm Management ; 12(2) October 2004, 91-104(14)Publication details: 2004Subject(s): Summary: Ireland has enjoyed relatively high milk prices due to the support system of the Common Agricultural Policy (CAP) but decoupling may change that. A stochastic whole farm simulation model was used to simulate business performances and financial risk of a typical specialist dairy farm in Ireland over the period 2004 to 2013 for eight investment and management strategies. Projected prices and costs were included along with changes in dairy policy arising from the 2003 Luxembourg CAP reform agreement. Dairy farmers that opt to remain static can expect a large reduction in income (-30% in real terms). Expansion using low cost animal housing or use of existing buildings (eg conversion of beef accommodation) offers the greatest scope for increased income and cash flow. References. [Taken from journal abstract].| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS68577 (Browse shelf(Opens below)) | 1 | Available | 128200-1001 |
Ireland has enjoyed relatively high milk prices due to the support system of the Common Agricultural Policy (CAP) but decoupling may change that. A stochastic whole farm simulation model was used to simulate business performances and financial risk of a typical specialist dairy farm in Ireland over the period 2004 to 2013 for eight investment and management strategies. Projected prices and costs were included along with changes in dairy policy arising from the 2003 Luxembourg CAP reform agreement. Dairy farmers that opt to remain static can expect a large reduction in income (-30% in real terms). Expansion using low cost animal housing or use of existing buildings (eg conversion of beef accommodation) offers the greatest scope for increased income and cash flow. References. [Taken from journal abstract].