The DOI matches its Crossref record.
Cash Crop Production, Food Price Volatility, and Rural Market Integration in the Third World
Abstract
Large farmers in the Third World often devote to cash crops a larger share of their land than do small farmers. This paper suggests a possible explanation: even in the presence of food markets, Third World farmers' food security is best assured by food self‐sufficiency. A model of crop portfolio choice under multivariate risk is used to show that reasonable assumptions regarding risk and preferences reproduce the observed pattern. Simulations further indicate that food market integration reduces the need for food self‐sufficiency. Policy implications are drawn regarding domestic trade liberalization and agricultural technology.
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Citations
Cited by
Smallholder market participation: Concepts and evidence from eastern and southern Africa
Barrett, C. B. (2008) · Food Policy · doi:10.1016/j.foodpol.2007.10.005 · Cited by 1,246
The Future of Small Farms: New Directions for Services, Institutions, and Intermediation
Poulton, C., Dorward, A., & Kydd, J. (2010) · World Development · doi:10.1016/j.worlddev.2009.06.009 · Cited by 543
Principal Challenges Confronting Smallholder Agriculture in Sub-Saharan Africa
Jayne, T. S., Mather, D., & Mghenyi, E. (2010) · World Development · doi:10.1016/j.worlddev.2010.06.002 · Cited by 484
Selling at the Farmgate or Traveling to Market
Fafchamps, M., & Hill, R. V. (2005) · American Journal of Agricultural Economics · doi:10.1111/j.1467-8276.2005.00758.x · Cited by 350
Self-citationBjornlund, V., Bjornlund, H., & Van Rooyen, A. F. (2020) · International Journal of Water Resources Development · doi:10.1080/07900627.2020.1739512 · Cited by 283
Metadata
- Authors
- Fafchamps, M.
- Venue
- American Journal of Agricultural Economics
- Publisher
- Wiley
- Published
- 1992-02
- Volume
- 74
- Issue
- 1
- Pages
- 90-99
- ISSN
- 0002-9092 (ISSN-L)
- 1467-8276
- OpenAlex
- W2122695981
- Cited by
- 501
- References
- 0
- FWCI
- 13.95
- Type
- journal article
- Language
- en
- Open access
- closed
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Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
