Abstract

This article outlines the economic consequences of the CAP, including the high level of protection, the burdens on consumers, taxpayers and the EU budget, environmental damage, the harm to international trading relations, and the failure to raise farmers’ incomes. The numerous unsuccessful attempts at reform from 1968 to 1999 are described. Finally, some of the lessons of the reform attempts are drawn, including the apparent political impossibility of reducing farm support and bureaucratic intervention once it is in place.

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