7 pages, In Ethiopia, economic development policy has historically been dominated by subsistence agriculture, leading to unrealized agricultural potential characterized by low productivity and a focus on subsistence farming practices. This would necessitate giving agricultural policies top priority and launching an improved initiative to speed up the transition from traditional farming. To this end, this review was to summarize the strengths and drawbacks of Ethiopia's agricultural policies and strategies, as well as make recommendations for improved interventions and the potential for scaling them up. This may be very helpful in directing policymakers to introduce the valuable interventions and handle related issues. Since 1991, the government of Ethiopia has implemented various agricultural policies in order to boost agricultural productivity and production, which in turn reduces poverty and food insecurity. However, the results have been found to be unsatisfactory. This is mainly due to the poor performance of the agricultural extension system in terms of its coverage and quality of implementation. Thus, the review argues, addressing such challenges and commercializing the sector could lead Ethiopia to further exploit its agricultural potential. In this regard, the recently implemented cluster farming is the right way to overcome these problems and support subsistence farming by increasing smallholder farmers bargaining power, increasing the faster diffusion of research recommendations and extension packages, knowledge transfer, and market linkage. Therefore, the review recommends that policymakers and development organizations should consider cluster farming as a main farming strategy to increase smallholder farmer’s productivity and support initiatives to attain the intended goals.
7 pages, This study aims to identify whether there is dependence between agricultural commodities traded on the Brazilian market. We used the bivariate copula method over a ten-year period to assess the extreme effects on the returns of the following commodities: soybean, wheat, Arabica coffee, and Robusta coffee. The relationship directly affects the dependence between Arabica and Robusta coffees commodities. While the relationship between wheat, Arabica and Robusta coffees, and soybean is positively dependent. Economic growth, market dynamics, and the prices of an agricultural commodity tend to increase the price of other commodities.
6 pages, Background: The subject of the study in the present work was the correlation of the development of the agricultural sector with the operation of agricultural cooperatives. Considering the importance of the agricultural sector with its big and small problems, the role of agricultural cooperatives in the development of this sector is identified. As it was found from the Greek literature, the agricultural cooperatives in Greece, offered technical and material assistance to the Greek farmers, helped in the economic recovery of the local communities, helped significantly in the operation of the agricultural products market, undertook activities of utilization of agricultural production and in many cases also competed with private companies.
Methods: The model chosen for the analysis is the input-output analysis method which measures the economic impact that companies have on their local economies. In this case it concerns the change of production from the various companies belonging to the cooperatives to a financial contribution to the whole economy.
Result: The results of the theoretical and empirical analysis clearly showed that the cooperative organizations in Greece, despite the chronic problems they face, contribute positively and satisfactorily to the entire economy of the country. This contribution is made not only by the services they offer to their members but also through the financial activities they undertake with their cooperative enterprises.
22 pages, In this paper, we investigate the link between windfall gains and losses of income associated with commodity exports and economic performance in a panel of 45 sub-Saharan African (SSA) countries over the period from 1990 to 2019. Windfall gains and losses of income are measured in terms of fluctuations in a country-specific commodity terms of trade (CTOT) index in which each commodity is weighted by the ratio of exports of that commodity in the country’s gross domestic product (GDP). The CTOT index therefore reflects the commodity export specialisation for individual countries. The data on CTOT are taken from the International Monetary Fund. Additionally, we use changes in real GDP per capita as our SSA economic performance measure. We employ a random coefficient model that yields individual estimates for each of the countries included in the analysis. Our approach is based on the assumption that the effect of windfall gains and losses on real GDP per capita growth varies across different SSA countries. Our main conclusion can be elaborated as follows: first, natural resources have undoubtedly contributed to higher economic growth in SSA countries since 1990. Second, when SSA countries are analytically divided into two groups depending on their commodity export specialisation, we find that resource-rich countries—in particular oil rich—are the best economic growth performers during the observation period. Finally, we find that windfall gains from commodity exports are not significantly associated with increased real GDP per capita growth in most agriculture-exporting countries.
Ike, Chinweoke Uzoamaka (author), Tranter, Richard (author), and Gadanakis, Yiorgos (author)
Format:
Conference paper
Publication Date:
2021-03-29
Published:
UK: Agricultural Economics Society, The
Location:
Agricultural Communications Documentation Center, Funk Library, University of Illinois Box: 207 Document Number: D13166
Notes:
14 pages, To diversify the Nigerian economy and reduce dependency on food import, the Agricultural
promotion policy (APP) was developed and implemented in 2016. This policy aims to move
Nigerian agriculture to a commercial sector to ensure the creation of sustainable jobs and
wealth. However, little is known about the effects of the policy on biodiversity, dietary
diversity, and employment and income of the small-scale farmers who form the greater
proportion of the food producers. The study aims to assess the effectiveness of APP in
achieving social justice particularly for small-scale farmers, environmental sustainability and
economic viability through sustainable agriculture. To assess the effectiveness of APP, focus
groups discussions were held in six local governments in the North East geopolitical zone of
Nigeria. APP food security thrusts of strategic national food reserve, proper use of
agrochemicals and tractors, focus on forest food harvest and government support for large
scale and specialised farms are very effective for securing food price stability. Moreover, food
crop fortification is very effective in providing income support for households as it is the focus
on forest food harvest, and access to credit and labour subsidies for small farmers.
Encouraging organic farming is very effective in securing access to and availability of diversity
of food, biodiversity and employment. Food diversity, soil fertility, biodiversity and
employment also benefited from the provision of credit and labour subsidies. The outcome
of this discussion is important for shaping the Nigerian food system. Though the APP thrusts
are geared towards achieving sustainable development, Nigerian policy authorities should
focus more on encouraging organic farming, credit and labour subsidies for the smallholder
farmers, creating balance diet awareness, and forest preservation and food harvest to achieve
food security, environmental sustainability and employment.
13pgs, Sufficient access to and utilization of broadband is an ongoing concern for rural economic development. Using a rural region in Northern New York (USA), we consider the investment and operational costs of a broadband cooperative and determine service prices for which it is financially viable. Service prices need to increase 75%–131%, depending on grant restrictions, relative to existing market prices for a new broadband cooperative to become financially feasible. Put differently, the cooperative would not cash flow at market prices unless there was at least 14 potential subscribers per mile at a 62% take rate. For a cooperative, the grant restriction that providers offer a minimum level of speed at a maximum price results in a high level of subsidization by high-speed to low-speed members to support the business. Given grant funding and member equity investments, financial infeasibility has little to do with construction costs, than with annual operational and maintenance costs required to sustain the system long term. More reasonable feasibility scenarios occur for existing utility cooperatives expanding services into broadband, particularly areas with a high proportion of high-speed, year-round users and strong take rates. Consideration of public benefits of broadband arguably needs to be added to the equation, particularly surrounding access to healthcare and educational purposes, and as a prerequisite to supporting taxpayer-funded public-private partnerships to expand broadband services. Policy levers to eliminate or subsidize property taxes and pole rental costs reduce cash flow prices considerably; however, feasibility is highly sensitive to assumed take rates.
