{"id":85047,"date":"2024-01-22T09:00:23","date_gmt":"2024-01-22T08:00:23","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/85047\/"},"modified":"2024-11-06T23:49:56","modified_gmt":"2024-11-06T22:49:56","slug":"folgen-der-waehrungsunion-fuer-agrarpolitik-und-landwirtschaft","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/85047\/","title":{"rendered":"The Impact of EMU on Agricultural Policy and Austrian Farmers. Agriculture Greatly Affected by EMU"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-85047","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Economic and monetary union has a particularly far-reaching impact on farmers and agricultural policy in general. The farming sector has traditionally played a lead role in integration. Nevertheless, the Common Agricultural Policy (CAP) soon reached its limits in the current European monetary system. Common farm prices, subsidies, etc. are almost impossible to implement without a common currency. The CAP has been regularly upset by currency turmoil and rocked by frequent crisis situations. The agricultural monetary regime developed as a make-shift solution is flawed and unable to forestall disadvantages for farmers in hard-currency countries. In the present system, the appreciation of a national currency translates into price and income pressures for farmers and (at least temporary) competitive disadvantages for their commercial standing. Benefits and disadvantages of EMU The single currency will provide the CAP with the stable foundation that it has so far been lacking. It eliminates the current practice of translating farm prices, subsidies, etc. from their fixed ECU rates to national currencies, which in turn means that the agricultural monetary regime will become superfluous. Exchange rate fluctuations and exchange rate-caused distortions will no longer occur, so that EMU will, for the first time since the CAP was introduced, secure a common agricultural market that offers fair competitive terms to all participants. This is a crucial advantage and probably the greatest gain for farmers in the hard-currency countries such as Austria. The change to the euro nevertheless will entail both problems and costs for farmers. Position of Austrian farmers For Austrian farmers, the benefits of the single currency will prevail: their currently disadvantaged position in a hard-currency country will disappear and they will be able to compete at fair terms. The Austrian agricultural sector would prefer the first wave of EMU members to be large, to ensure that its benefits will be maximized. The participation of Italy in the single currency is especially important, as it is Austria's second largest market for farm products. A \"small EMU\" would not be desirable for the farming and food industry. The schilling-euro conversion rate will play a key role in the transition to EMU for the agricultural sector, as it affects the purchasing power of farm prices and producer subsidies fixed in euro, which in turn bears upon agricultural incomes. Should the schilling be appreciated vis-\u00e0-vis the currently valid \"green rates\", this would have a negative impact on farmers' incomes.","onlinedate":"1997-11-01 01:00:00","lang":"German","publication_series":"","publication_date":"19971101","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Folgen der W\u00e4hrungsunion f\u00fcr Agrarpolitik und Landwirtschaft; The Impact of EMU on Agricultural Policy and Austrian Farmers. Agriculture Greatly Affected by EMU\"]","jelcodes":"[]","related_publications":"[]","pdf":276182,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"70","monthly_report_pages":"679-688","monthly_report_pages_sort":"679","issue":"11","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"research_groups":[3481],"collaboration":"","persons":[3973],"persons_data":"[{\"personId\":3973,\"personName\":\"Matthias Schneider\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Schneider, M.<\\\/span> (1997). <span>Folgen der W\u00e4hrungsunion f\u00fcr Agrarpolitik und Landwirtschaft<\\\/span>. <span><em>WIFO-Monatsberichte<\\\/em><\\\/span>, <em>70<\\\/em>(11), 679-688. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/451\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/451<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Schneider M<\\\/span>. <span class=\\\"title\\\"><span>Folgen der W\u00e4hrungsunion f\u00fcr Agrarpolitik und Landwirtschaft<\\\/span><\\\/span>. <span>WIFO-Monatsberichte<\\\/span>. 1997 Nov;70(11):679-688.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{4613fc1556b943b1b04852b51a51c413,<\\\/div><div>  title    = \\\"Folgen der W{\\\\\\\"a}hrungsunion f{\\\\\\\"u}r Agrarpolitik und Landwirtschaft\\\",<\\\/div><div>  abstract = \\\"Die Landwirtschaft ist von der geplanten Wirtschafts- und W{\\\\\\\"a}hrungsunion besonders betroffen, weil in diesem Sektor die Integration weit fortgeschritten ist. F{\\\\\\\"u}r die {\\\\\\\"o}sterreichische Landwirtschaft {\\\\\\\"u}berwiegen die Vorteile der Teilnahme an der WWU. Der {\\\\\\\"U}bergang zum Euro birgt allerdings Risken: Ein niedriger Umrechnungskurs des Euro zum Schilling k{\\\\\\\"o}nnte die Agrareinkommen belasten.\\\",<\\\/div><div>  keywords = \\\"Folgen der W{\\\\\\\"a}hrungsunion f{\\\\\\\"u}r Agrarpolitik und Landwirtschaft; The Impact of EMU on Agricultural Policy and Austrian Farmers. Agriculture Greatly Affected by EMU, Folgen der W{\\\\\\\"a}hrungsunion f{\\\\\\\"u}r Agrarpolitik und Landwirtschaft; The Impact of EMU on Agricultural Policy and Austrian Farmers. Agriculture Greatly Affected by EMU\\\",<\\\/div><div>  author   = \\\"Matthias Schneider\\\",<\\\/div><div>  year     = \\\"1997\\\",<\\\/div><div>  month    = nov,<\\\/div><div>  language = \\\"Deutsch\\\",<\\\/div><div>  volume   = \\\"70\\\",<\\\/div><div>  pages    = \\\"679--688\\\",<\\\/div><div>  journal  = \\\"WIFO-Monatsberichte\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Folgen der W\u00e4hrungsunion f\u00fcr Agrarpolitik und Landwirtschaft<\\\/p><p>AU  - Schneider, Matthias<\\\/p><p>PY  - 1997\\\/11<\\\/p><p>Y1  - 1997\\\/11<\\\/p><p>N2  - Die Landwirtschaft ist von der geplanten Wirtschafts- und W\u00e4hrungsunion besonders betroffen, weil in diesem Sektor die Integration weit fortgeschritten ist. F\u00fcr die \u00f6sterreichische Landwirtschaft \u00fcberwiegen die Vorteile der Teilnahme an der WWU. Der \u00dcbergang zum Euro birgt allerdings Risken: Ein niedriger Umrechnungskurs des Euro zum Schilling k\u00f6nnte die Agrareinkommen belasten.<\\\/p><p>AB  - Die Landwirtschaft ist von der geplanten Wirtschafts- und W\u00e4hrungsunion besonders betroffen, weil in diesem Sektor die Integration weit fortgeschritten ist. F\u00fcr die \u00f6sterreichische Landwirtschaft \u00fcberwiegen die Vorteile der Teilnahme an der WWU. Der \u00dcbergang zum Euro birgt allerdings Risken: Ein niedriger Umrechnungskurs des Euro zum Schilling k\u00f6nnte die Agrareinkommen belasten.<\\\/p><p>KW  - Folgen der W\u00e4hrungsunion f\u00fcr Agrarpolitik und Landwirtschaft; The Impact of EMU on Agricultural Policy and Austrian Farmers. Agriculture Greatly Affected by EMU<\\\/p><p>KW  - Folgen der W\u00e4hrungsunion f\u00fcr Agrarpolitik und Landwirtschaft; The Impact of EMU on Agricultural Policy and Austrian Farmers. Agriculture Greatly Affected by EMU<\\\/p><p>M3  - WIFO-Schriftenreihen<\\\/p><p>VL  - 70<\\\/p><p>SP  - 679<\\\/p><p>EP  - 688<\\\/p><p>JO  - WIFO-Monatsberichte<\\\/p><p>JF  - WIFO-Monatsberichte<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Impact of EMU on Agricultural Policy and Austrian Farmers. 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