n order to contribute to the literature on the Income Stabilisation Tool (IST), this study investigates which is the better geographical dimension of a sector- -specific instrument. In particular, the study focuses on Italian farms specialised in viticulture over the period of 2011-2014, estimating their income losses, the level of indemnification and the average fee due to farmers. We also compare the hypothesis of both a national IST and five different macro-regional funds, considering the threshold for indemnification at 30% and 20%. Results suggest a strategy to establish a double mechanism where macro-regional funds can guarantee more tailored fees for farmers (specific for different geographical are- as and level of riskiness), whereas a national IST, being able to reduce the sys- temic risk and the variability of income losses more than smaller funds, can pro- vide resources for the compensation of farm losses, in case of insolvency.

Re-adjusting risk management within the CAP: evidences on the implementation of the Income Stabilisation Tool in Italy

Trestini, Samuele;Giampietri, Elisa
2018

Abstract

n order to contribute to the literature on the Income Stabilisation Tool (IST), this study investigates which is the better geographical dimension of a sector- -specific instrument. In particular, the study focuses on Italian farms specialised in viticulture over the period of 2011-2014, estimating their income losses, the level of indemnification and the average fee due to farmers. We also compare the hypothesis of both a national IST and five different macro-regional funds, considering the threshold for indemnification at 30% and 20%. Results suggest a strategy to establish a double mechanism where macro-regional funds can guarantee more tailored fees for farmers (specific for different geographical are- as and level of riskiness), whereas a national IST, being able to reduce the sys- temic risk and the variability of income losses more than smaller funds, can pro- vide resources for the compensation of farm losses, in case of insolvency.
The Common Agricultural Policy of the European Union – the present and the future. EU Member States point of view
9788376587431
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11577/3286571
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