Updated: Aug 20, 2021

Removal of land from agricultural production. Farmers may be either compelled or paid to set aside part of their land. Set-aside is part of agricultural policy, in particular the Common Agricultural Policy of the European Union. Set-aside land may be allowed to lie fallow, or may be diverted to forestry, or, subject to planning permission, to amenity or residential use

Reference: Oxford Press Dictonary of Economics, 5th edt.

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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.