Economic Transformation of Austrian Agriculture since EU Accession

Abstract

After joining the European Union (EU) in 1995 Austria adopted the Common Agricultural Policy (CAP). This chapter reviews the changes in agricultural production and the economic situation of agriculture since the accession to the EU. The analysis is primarily based on macro-economic data from the Economic Accounts for Agriculture (EAA) over the period between 1995 and 2014. Select examples identify the developments applicable for Austria – also in comparison to other EU countries and groups of countries as well as to Switzerland. Expectations and forecasts regarding the consequences of integration, e.g. changes in the price levels, have been more or less fulfilled but there is a need for further research on the development of regions and on special issues such as the resilience of Austrian agriculture.