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<p>Guaranteeing farm income stability is an objective of the European Union's and the Spanish agricultural policies. In this paper, CAP direct payments, diversification, crop insurance and an Income Stabilisation Tool (IST) were compared considering (i) their effect on farm income and income stability, (ii) the expected farmers' willingness for adoption, and (iii) the efficiency of public expenditure invested in supporting them. Main conclusions point at direct payments and crop diversificationdoi:10.7201/earn.2017.01.01 fatcat:vu5bhuldvrfppakxov24ptv4wm