ECONOMIC ANALYSIS OF MILK QUOTA SYSTEM IN THE EUROPEAN UNION AGRICULTURAL POLICY
Keywords:
quota system, milk, milk products, shadow price, quota rent.Abstract
The main aim of this paper is to analyze the effects of the quotas imposed on the milk production in Common Agricultural Policy of the European Union. It is concluded that the quotas system is, in conceptual sense, a weaker solution than a free market solution. However, the situation on the аgricultural market in the time of setting up the quota system in 1984 prescribed the goals which were partly committed: the milk prices have been stabilized; the budget expenses decreased; and the level of farmers revenue have been maintained. The negative effects of that system can be identified: enhanced expenditure of milk production, higher prices of milk and milk products than world prices and stagnation of the export
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References
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2. Colman,D,(2001): The Common Agricultural Policy, in Artis M., and Nixson,F., (ed.),The Economic of the European Union, Policy and Analysis, Oxford University Press, p.96-124.
3. European Commission, (2006).,Milk and Milk Products in the EU, p., 46
4. EC,Regulations 20 (Milk Quotas),2008.,Milk Quotas Trading Scheme, p.,30
5. (IEI), Economic analysis of the effects of the ehpirry of the EU milk quota system, Institut DEcomomie Industrielle, 2008., 15-81.
6. (INRA): Study оn the impact of future options for the Milk Quota system and the common market organisation for the milk and milk products, Institut Na cionale de la Recherche Agronoique, University of Wageningen, 2002., 9.
7. (IATP), The Common Agricultural Policy: A Brief Introduction, Institute for Agriculture and Trade Policy,Minnneapolis, Minesota,USA,.2007,4.
8. Koning ,N, Agriculture,development nad intrenational trade: Lessons to be learned from the Common Agricultural Policy of the European Union, Wageningen University, The Netherlands , 2006,10
9. Kasthanova, Е, Global trends in milk production and trade: the impact on the european milk market , Biotehnology in Animal Husbandry 26 (1-2).,Institute for Animal Husbandry., 2010,129-134
10. Malak-Rawlikowska,A., The Milk Quota System-Effect on Structural Changes in Dairy Production, Poster Paper Presented at the IAMO Forum 2006, "Agriculture in the Face of Changing Markets, Institutionons and Policies: Challenges and Strategies" Hale, Germany, 2006.
11. FАО,(2009)Statsical Yearbook,
12. www.europa.eu /scadplus/leg/eu/ivb/).
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Published
2010-12-31
How to Cite
Grbić, V., R. Milanović, M., & T. Đorović, M. (2010). ECONOMIC ANALYSIS OF MILK QUOTA SYSTEM IN THE EUROPEAN UNION AGRICULTURAL POLICY. Economics of Agriculture, 57(4), 515–527. Retrieved from https://ea.bg.ac.rs/index.php/EA/article/view/1092
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Original scientific papers
