000			01597cab a2200289 4500
001			ABS68577
008			041203n2004 000 0 eng u
035			_a(Sirsi) u128200
100			_aShalloo, L.
245		4	_aThe Luxembourg Common Agricultural Policy reform agreement: Irish dairy farmers development options
260			_c2004
490			_aFarm Management _v12(2) October 2004, 91-104(14)
520			_aIreland 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].
590			_aABS
650			_aMILK PRICES
650			_aMILK INDUSTRY
650			_aCAP REFORM
650			_aFARM SUBSIDIES
650			_aDECOUPLING
650			_aCOMMON AGRICULTURAL POLICY
650			_aIRELAND
690			_aRURAL-FARM BUSINESS MANAGEMENT
700			_aDillon, P.
700			_aRath, M.
700			_aWallace, M.
942			_n0
999			_c74649 _d74649