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Object Description
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| Title | Market and climatic risks and farmers' investment in productive assets under the Second Fadama Development Project in Nigeria |
| Author |
Takeshima, Hiroyuki Yamauchi, Futoshi |
| ORCID | http://orcid.org/0000-0002-1761-408X Takeshima, Hiroyuki |
| Year | 2010 |
| Abstract | The majority of African farmers lack the means to mitigate the impact of risks such as those associated with rainfall and commodity prices. Because most farmers in Sub-Saharan Africa are risk-averse, they may be willing to invest in productive assets that can mitigate the impacts of such risks if their capital constraints are relaxed through external financial assistance. We test this hypothesis using panel data on Nigerian farmers' investment behaviors collected during the Second National Fadama Development Program (Fadama II), which provided financial assistance to farmers in obtaining various productive assets, as well as historical data on rainfall and white gari price in various locations in Nigeria. The results support the hypothesis. Under the Fadama II, farmers facing higher rainfall risk (coefficient of variation in annual rainfall) were more likely to invest in irrigation pumps that can mitigate the impact of rainfall risk, and those facing higher risks on white gari price were more likely to invest in milling machines that enable them to process cassava into flour instead of gari. |
| Series Name | IFPRI Discussion Paper |
| Series Number | 1033 |
| Publisher | International Food Policy Research Institute (IFPRI) |
| Place of publication | Washington, D.C. |
| Full citation | Takeshima, Hiroyuki; and Yamauchi, Futoshi. 2010. Market and climatic risks and farmers' investment in productive assets under the Second Fadama Development Project in Nigeria. IFPRI Discussion Paper 1033. Washington, D.C.: International Food Policy Research Institute (IFPRI). http://ebrary.ifpri.org/cdm/ref/collection/p15738coll2/id/5072 |
| Language | English |
| Record Type | Discussion paper |
| Peer Reviewed - PR or Non-PR | Non-PR |
| Subject - country location |
NIGERIA WEST AFRICA AFRICA SOUTH OF SAHARA AFRICA |
| Subject - keywords |
poverty trap rainfall risk price risk irrigation pump milling machine Risk aversion impact assessment |
| IFPRI Descriptors |
IFPRI1 GRP32 NSSP |
| IFPRI Division |
DSGD PHND |
| Access Rights | Open Access |
| Display Notes | Effective January 2007, the Discussion Paper series within each division and the Director General's Office of IFPRI were merged into one IFPRI'wide Discussion Paper series. The new series begins with number 00689, reflecting the prior publication of 688 discussion papers within the dispersed series. The earlier series are available on IFPRI's website at http://www.ifpri.org/publications/results/taxonomy%3A468. IFPRI Discussion Papers contain preliminary material and research results. They have not been subject to formal external reviews managed by IFPRI's Publications Review Committee but have been reviewed by at least one internal and/or external reviewer. They are circulated in order to stimulate discussion and critical comment. |
| LOC call number | IFPRIDP01033 |
| Physical description | 20 pages |
| IFPRI Web link | http://www.ifpri.org/publication/market-and-climatic-risks-and-farmers-investment-productive-assets-under-second-fadama-d |
| Times cited-- Google Scholar | http://scholar.google.com/scholar?cites=16281327521798617996&as_sdt=20005&sciodt=0,9&hl=en |
| RePEc Downloads | https://ideas.repec.org/p/fpr/ifprid/1033.html |
| Requests | mailto:ifpri-library@cgiar.org |
| CONTENTdm file name | 5073.cpd |
| Date cataloged | 2018-01-23 |
| Date modified | 2018-01-23 |
| OCLC number | 778453265 |
| CONTENTdm number | 5072 |
Description
| Title | ifpridp01033 14 |
| Access Rights | Open Access |
| CONTENTdm file name | 5058.pdfpage |
| Date cataloged | 2017-08-05 |
| Date modified | 2017-08-05 |
| CONTENTdm number | 5057 |
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