African Agricultural Market Program

Published on 24 May 2010

Research Areas

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Countries

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Timeline

Start Date: 20 February 2009 | End Date: 20 February 2012

Overview

This is a joint proposal with Michigan State University (MSU). The objective of this project is to improve our understanding of the causes of spatial and temporal patterns in staple crop prices, as well as the impact of changes in these prices on the welfare of different types of households. In particular, the project will focus on three research questions (a) What is the spatial variation in staple food prices in the region and to what degree can it be explained by the marketing costs between regions? (b) How much of the increases in staple food prices in the region can be attributed to higher prices on world markets and how much is due to domestic factors? (c) What has been the effect of these prices increases on different types of households in the countries of the region?

Furthermore, the objective of this project is three-fold: (a) to disseminate information on the theory of traditional and modern methods of risk management, (b) draw lessons from experiences with both types of risk management methods by conducting country case studies, and (c) support the World Bank-managed training course on modern risk management to be carried out by Julie Dana under separate funding. The training will concentrate on the use of futures contracts, warehouse receipts systems, and weather-based insurance. 

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