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Does the Basic Payment make farmers lazy?

The provocative title of this post was prompted by a tweet in my Twitter timeline (@xAlan_Matthews) which told how a farm speaker at a meeting the tweeter had attended had said he/she was frustrated by how many farmers do not manage their farms as businesses and that the Basic Payment makes some lazy.

I do not want to make moral judgements about anyone’s conduct but it is, indeed, an interesting question to ask how the CAP support system affects farmers’ individual behaviour. It is, of course, well known that farmers’ decision-making is often motivated by reasons other than rational profit-maximising behaviour.… Read the rest