Notice of RetractionEU´s Common Agricultural Policy at crossroads: Economic reflections on the CAP reform 2013

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

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The Common Agricultural Policy (CAP) of the European Union (EU) is challenged by a fundamental decision regarding its future outline. The main external challenges for the future CAP are increased price volatility on world markets, climate change, and continued biodiversity loss. Internally this policy decision has to find an optimum between the conservative position of politically influential beneficiaries of the CAP and the political-economic pressure to perceptibly respond to the new challenges. The first reform draft of the European Commission of November 2010 indicates quite a moderate reform approach which basically aims at the continuation of the current setting. Based on the long-term development path of the CAP this paper compares the Commissions proposal with the broader debate and provides an economic assessment of decoupled direct payments (DDP) to reach set objectives.