ABSTRACT
This chapter describes four alternative policies–the 1980 European Community ‘price package’, harmonisation of Community prices, Community self-sufficiency, and a free market in agricultural products–and analyses their effects at the level of the Community. It provides an eclectic approach to the comparison of agricultural policy options; several alternative policies have been chosen to provide market and budgetary positions which may be compared with those at the base position of ‘Common Agricultural Policy 1980’. In any event, an analysis of the equilibrium impact of these price changes on the Community’s agriculture and finances is of interest as measuring, albeit in a long-run sense, the effect of an actual policy decision. In any event, an analysis of the equilibrium impact of cost-price changes on the Community’s agriculture and finances is of interest as measuring, albeit in a long-run sense , the effect of an actual policy decision.
