EU income stabilization tool: potential impacts, financial sustainability and farmer’s risk aversion
نویسندگان
چکیده
Abstract The Income Stabilization Tool, a risk management scheme introduced within the Common Agricultural Policy (CAP) 2014–2020, could help European Union farmers manage income risks they face. This study assesses potential impact of implementing this tool through maximum level contribution to fund which determines an indifference participate in and its financial sustainability. relies on expected utility approach variability loss ratios over time using sample Italian hazelnut farms as case study. participation depends farmers' contributions their degree aversion. However, CAP public support makes financially sustainable.
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ژورنال
عنوان ژورنال: Agricultural and Food Economics
سال: 2021
ISSN: ['2193-7532']
DOI: https://doi.org/10.1186/s40100-021-00205-4