Public Funding for Public Goods: A Post-Brexit Perspective on Principles for Agricultural Policy

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December 2018
Authors: 
I. J. Bateman, B. Balmford

This case study provides an overview of the debate ensuing from the United Kingdom (UK) aiming to leave the European Union (EU) and, with it, the Common Agricultural Policy (CAP). The UK Government has announced its intentions to formulate a novel agricultural policy following the principle that public funding should be restricted to the provision of public goods. However, the acceptance, interpretation, and application of this principle is the subject of intense debate.

The study provides answers to three key questions that future policy must address:

  • What are the farm-related public goods that public money should support?
  • How should that spending be allocated?
  • How much should be spent? 

 

Read Online
Country: 
United Kingdom of Great Britain and Northern Ireland
Sectors: 
Agriculture
Themes: 
Natural Capital
Key search terms: 
public goods, agricultural policy, farming, brexit, ecosystem services, land use

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