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- W2138869504 abstract "Abstract After the introduction of the new tobacco regime, many regions in Greece, formerly specialized in tobacco cultivation, are now facing serious threats of economic and social decline. Sheep farming is considered by many analysts as a viable alternative to tobacco. This study analyses the financial performance of sheep production and the risk that producers are taking. Through a stochastic efficiency analysis with respect to a function we explore the economic viability of conventional and organic sheep farming; key factors determining the economic outcome of these activities are also investigated. Both organic and conventional sheep farming appear as viable alternatives. The viability of organic farming lies, mainly, in organic payments. Conventional farming generates a slightly lower but less uncertain net return. Keywords: organic farming, dairy sheep, risk analysis, SERF, agricultural policy 1. Introduction In April 2004, the E.U Council of Agricultural Ministers agreed a widely ranging reform of the Mediterranean products’ policy regimes (Council of the European Union, 2004). The main element of this agreement was the shift from the production-linked payments to the decoupled single farm payment, which was the cornerstone of the June 2003 main CAP reform. Greece decided to opt for full decoupling of the premiums on a historical basis and put into effect the new policy regime in 2006. Among the Mediterranean products, tobacco has traditionally a very important role in the Greek economy. The great significance of tobacco arises from the fact that it requires less fertile soil and offers high income and employment opportunities to thousands of rural families (Mattas et al., 1998). In 2003, tobacco production holds a 4.45% of the gross agricultural production and a 5.96% of the gross crop production (H.M.R.D.F" @default.
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- W2138869504 date "2008-01-01" @default.
- W2138869504 modified "2023-09-27" @default.
- W2138869504 title "MODELLING ECONOMIC ALTERNATIVES FOR TOBACCO PRODUCERS: THE CASE OF SHEEP FARMING" @default.
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- W2138869504 doi "https://doi.org/10.22004/ag.econ.6695" @default.
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