This book discusses a proposed bond scheme as part of the Common Agricultural Policy reform in the EU. It presents a major survey of farmers conducted in Germany, Portugal and the UK to determine their likely reactions to the introduction of a bond scheme or similar partially decoupled payments such as the new Single Payment Scheme proposed by the Fischler reforms. Under the bond scheme, compensation payments would be made to farmers for a fixed number of years to help them cope with policy change. The payments would be completely decoupled, i.e., not linked to future farming activity. The book has 10 chapters and a subject index.

Includes bibliographical references and index.

Decoupled payments and a triad of policy objectives : compensation, farm income support and multifunctionality / Alan Swinbank -- Direct payments in the EU and their treatment in the WTO / Alan Swinbank -- Compensation proposals for EU farm policy reform / Jonathan Little, Thomas Knapp, Miguel Sottomayor and Alan Swinbank -- A bond scheme to facilitate CAP reform / Alan Swinbank and Stefan Tangermann -- From CAP to CARPE : embedding the bond scheme proposal in a comprehensive reform / Leonardo Costa, Arlindo Cunha, Américo Mendes, and Miguel Sottomayor -- Why a bond scheme was not adopted in 1992 / Carsten Daugbjerg -- Implementing a bond scheme / Alan Swinbank, Jonathan Little, Thomas Knapp, and Miguel Sottomayor -- Asking farmers about their response to the proposed bond scheme / Richard Tranter, Leonardo Costa, Thomas Knapp, Jonathan Little, and Miguel Sottomayor -- A role for direct payments? the Doha Round, EU enlargement and prospects for CAP reform / Arlindo Cunha.

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