• Economics
  • Published 2004

The March 1999 and June 2003 CAP reforms: Main provisions

@inproceedings{Guyomard2004TheM1,
  title={The March 1999 and June 2003 CAP reforms: Main provisions},
  author={Herv{\'e} Guyomard and Katell Le Bris},
  year={2004}
}
The CAP reforms of March 1999 (2000 Agenda reform) and June 2003 (Luxemburg compromise) are part of a process started a few years earlier with the 1992 Mac Sharry reform. Although it did not come close to suppressing intervention and wholly liberalizing markets, the 1992 reform did represent a turning point. It suggested the reduction of price support and the compensation of induced income losses through direct aids, founded on the land (cereals and oleo-proteaginous) and livestock (beef… CONTINUE READING