Ploughing the Wrong Furrow. The costs of agricultural exceptionalism and the precautionary principle

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Series Details Number 75
Publication Date October 2016
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This demonstrates the extent to which pressure groups have been able to lobby the European Union (EU) to increase regulation in the areas of food standards, animal welfare and the environment which have created deadweight costs and which are misaligned with consumer preferences. The paper charts the increase in compliance costs within existing Common Agricultural Policy (CAP) regulations and then demonstrates that, in the worst case scenario, the potential costs of further environmental restrictions would have added costs of up to £7.5 billion had the UK remained within the EU.

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IEA: Press Release, 18/10/2016: Brexit offers unrivalled opportunity to halt potential food price rises, argues new paper

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