The bond scheme

Swinbank, A. ORCID: https://orcid.org/0000-0003-2526-2026 and Tranter, R. B. ORCID: https://orcid.org/0000-0003-0702-6505 (2010) The bond scheme. In: Oskam, A., Meester, G. and Silvis, H. (eds.) EU policy for agriculture, food and rural areas. Wageningen Academic Publishers, Wageningen, The Netherlands, pp. 207-212. ISBN 9789086861187

Abstract/Summary

Under the bond scheme, a pre-determined series of payments would compensate farmers for lost revenues resulting from policy change. Unlike the Single Payment Scheme, payments would be fully decoupled: recipients would not have to retain farmland, or remain in agriculture. If vested in a paper asset, the guaranteed, unencumbered, income stream would be similar to that from a government bond. Recipients could exchange this for a capital sum reflecting the net present value of future payments, and reinvest in other business ventures, either on- or offfarm.With a finite, declining flow of payments, budget expenditure would reduce, releasing funds for other uses.

Item Type	Book or Report Section
URI	https://reading-clone.eprints-hosting.org/id/eprint/4614
Refereed	Yes
Divisions	Life Sciences > School of Agriculture, Policy and Development > Department of Agri-Food Economics & Marketing
Publisher	Wageningen Academic Publishers
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