BioMatNet Item: QLK5-1999-01510 - BONDSCHEME: An assessment of the practicalities and acceptability of a bond scheme as part of Common Agricultural Policy reform.

[BioMatNet Database - FP5 Quality of Life Programme]

QLK5-1999-01510
BONDSCHEME: An assessment of the practicalities and acceptability of a bond scheme as part of Common Agricultural Policy reform.

Contacts
Website: www.reading.ac.uk/agristrat/bondscheme/
Further Information

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Agriculture : Quality of Life - Other Activities in Key Action 5

Contract No:	QLK5-1999-01510
Project Type:	RS ( Research and Technological Development Project)
Start Date:	01-02-2000
Duration:	30 months
Total Cost:	508,124 EUR
EC Contribution:	411,500 EUR
Scientific Officer:	Veronica SABBAG

Abstract

The aim of this project is to assess the so-called bond scheme as a way of providing transitional relief to farm businesses experiencing reductions in price and income support as part of CAP reform. The main objective is to design a workable bond scheme and to test its practicality and acceptability on policy-makers, farmers and the stakeholders in agriculture. The objective will be achieved via:

a literature review
a conference
a postal survey
a series of case-study interviews with farmers, and
workshops involving stakeholders.

The expected result is a costed and worked out scheme applicable to the full range of farmers in the UK, Germany and Portugal and extendable to the rest of the EU. this proposed project can be seen as a pilot study.

Objectives

The proposed project has the following main objectives:

to design a bond scheme capable of providing transitional relief to farms throughout the EU under CAP reform as currently proposed;
to cost this proposed bond scheme;
to assess its practicality and acceptability with policy-makers and farmers;
to discuss the realism of the proposed bond scheme with a wide range of individuals and organisations with interests in and responsibilities for agriculture.

The research project will assess the practicalities and acceptability of a bond scheme for farmers and their businesses as part of Common Agricultural Policy reform. Such a scheme would involve farmers being issued with bonds on which the EU would make annual payments for several years. These bonds would be transferable and could be sold. Several variants of the bond scheme will be developed as part of the study. The aim will be to subject the proposed scheme to wide consultation amongst farmers, policy-makers and other stakeholders in agriculture.

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