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• Some uses, underuses, and misuses of the findings of disparities between people’s valuations of gains and losses

  7-13

  Jack L. Knetsch

  Views:

  167

  The well-known behavioural finding that losses have a greater impact on people’s well-being than gains, has important implications for the study of individual and collective choices, as well as the ways in which analyses are carried out -- many more than have yet been seriously considered. It also has many for analysts’ use of such tools as price elasticities, discount rates, value of statistical lives, risk analysis, and the like. A greater recognition of the behavioral findings would likely lead to reductions of the biases in many present analyses.

• THE NEXUS BETWEEN SUSTAINABLE VALUE CHAIN ACTIVITIES AND FINANCIAL BENEFITS OF THE SOYBEAN VALUE CHAIN SYSTEM IN THE NORTHERN REGIONS OF GHANA

  William Ghartey

  Rebecca Owusu

  Ben Ahmed

  TK Atala

  Views:

  83

  Soybean is an important crop that contributes to economic freedom and food security. The study of soybean value chain is therefore important to improve on the activities of the chain actors for an overall economic gains. This paper aims to examine the nexus between sustainable value chain and financial benefits of the soybean value chain system in Ghana. Specifically, we employ the triple bottom line model to examine the soybean value chain from economic, social and environmental perspectives using sample data from Ghana. With a sample size of 300 including all actors of the value chain, our findings reveal that chain actors do not differ in their perceptions of overall financial gains that accrued to them with their involvement in chain economic activities. The findings further revealed that perceived financial sustainability of chain activities was affected by tangible financial benefits. Moreover, the results further show that chain actors’ perception of social sustainability performance was significantly affected by expected overall financial gains that accrue to them as a result of their participation in chain economic activities.

• Climate change impact on crop production in Central Asian Countries

  75-82

  Anna Viter

  Sándor J. Zsarnóczai

  László Vasa

  Views:

  166

  Increased risk due to global warming has already become embedded in agricultural decision making in Central Asia and uncertainties are projected to increase even further. Agro-ecology and economies of Central Asia are heterogeneous and very little is known about the impact of climate change at the subnational levels. The bio-economic farm model is used for ex-ante assessment of climate change impacts at sub-national levels in Central Asia. The bio-economic farm model is calibrated to ten farming systems in Central Asia based on the household survey and crop growth experiment data. The production uncertainties and the adaptation options of agricultural producers to changing environments are considered paramount in the simulations. Very large differences in climate change impacts across the studied farming systems are found. The positive income gains in large-scale commercial farms in the northern regions of Kazakhstan and negative impact in small-scale farms in arid zones of Tajikistan are likely to happen. Producers in Kyrgyzstan may expect higher revenues but also higher income volatilities in the future. Agricultural producers in Uzbekistan may benefit in the near future but may lose their income in the distant future. The negative impacts could be further aggravated in arid zones of Central Asia if irrigation water availability decline due to climate change and water demand increase in upstream regions. The scenario simulations show that market liberalization and improved commodity exchange between the countries have very good potential to cope with the negative consequences of climate change.

  JEL classification: Q11, Q18

• The role of agribusiness in stimulating on-farm investments – case-study of the armenian dairy sector

  85-91

  Liesbeth Dries

  Matthew Gorton

  John White

  Vardan Urutyan

  Gagik Sardaryan

  Views:

  121

  This paper analyses the impact on investments of contractual arrangements between farms and agribusiness in the Armenian dairy sector. Our empirical evidence is based on a unique survey of 300 Armenian dairy farms. The dairy sector is of particular importance as it provides vital employment and income, in an environment of weak social security and scarce job opportunities. Furthermore, milk production is predominantly organized in small-scale farms, which are most likely to be affected by adversarial financial conditions and limited in their opportunities to raise resources to invest. The results show that a large share of milk producers in Armenia is actively investing to upgrade their farm business. Furthermore, investment activity is not limited to large dairy farmers as over 30% of respondents with less than eight cows have made dairy-specific investments. We find that the linkages between farms and agribusiness – and more specifically the support programs that agribusiness firms offer to their suppliers – have been crucial in stimulating this restructuring process at the farm level. Interestingly, farmers with a more exclusive relationship to the buyer and farmers that deliver to more internationally oriented buyers are more likely to receive support. On the other hand, buyers that operate in a more competitive market are less likely to provide support to their suppliers. These findings have interesting policy implications. On the one hand, our results point to the gains that can be made from openness to international firms. On the other hand, the negative competition effect indicates that buyers are unable to enforce repayment of the provided farm services in an environment where a lot of buyers are competing for the same supply. Policy makers should look at ways of improving the enforcement capability of dairy companies under these circumstances.