Monopsonists, disruptive innovation and food security: The case of high‐value commodity
Private firms in monopsony undertake disruptive innovation like contract farming (CF), where the firm invests in the food supply chain, provides credit, assumes the risk, and implements management strategies. This study investigates the impact of monopsonist involvement in CF and its impact on food...
| Autores principales: | , , , |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
Agricultural and Applied Economics Association
2022
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/141320 |
| _version_ | 1855517631478497280 |
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| author | Mishra, Ashok K. Kumar, Anjani Joshi, Pramod Kumar Dsouza, Alwin |
| author_browse | Dsouza, Alwin Joshi, Pramod Kumar Kumar, Anjani Mishra, Ashok K. |
| author_facet | Mishra, Ashok K. Kumar, Anjani Joshi, Pramod Kumar Dsouza, Alwin |
| author_sort | Mishra, Ashok K. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Private firms in monopsony undertake disruptive innovation like contract farming (CF), where the firm invests in the food supply chain, provides credit, assumes the risk, and implements management strategies. This study investigates the impact of monopsonist involvement in CF and its impact on food security indicators among smallholders. Findings reveal that the monopsonist CF structure for ginger processing in Nepal increases the market price by about 18%, yields by 10%, and profits by 66%. However, the impact varies with farm size. Small farms (≤0.51 hectares (ha)) engaged in CF have higher yields (18%), earn higher profits (81%), and receive higher market prices (12%) than small noncontract ginger producers. Contrary to popular belief, disruptive innovation in value chains by monopsonists could lead to higher yields, the market price received, and profitability for both small and large farmers. |
| format | Journal Article |
| id | CGSpace141320 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2022 |
| publishDateRange | 2022 |
| publishDateSort | 2022 |
| publisher | Agricultural and Applied Economics Association |
| publisherStr | Agricultural and Applied Economics Association |
| record_format | dspace |
| spelling | CGSpace1413202025-10-26T13:01:54Z Monopsonists, disruptive innovation and food security: The case of high‐value commodity Mishra, Ashok K. Kumar, Anjani Joshi, Pramod Kumar Dsouza, Alwin commodities food security contract farming profit Private firms in monopsony undertake disruptive innovation like contract farming (CF), where the firm invests in the food supply chain, provides credit, assumes the risk, and implements management strategies. This study investigates the impact of monopsonist involvement in CF and its impact on food security indicators among smallholders. Findings reveal that the monopsonist CF structure for ginger processing in Nepal increases the market price by about 18%, yields by 10%, and profits by 66%. However, the impact varies with farm size. Small farms (≤0.51 hectares (ha)) engaged in CF have higher yields (18%), earn higher profits (81%), and receive higher market prices (12%) than small noncontract ginger producers. Contrary to popular belief, disruptive innovation in value chains by monopsonists could lead to higher yields, the market price received, and profitability for both small and large farmers. 2022-03 2024-04-12T13:37:41Z 2024-04-12T13:37:41Z Journal Article https://hdl.handle.net/10568/141320 en Limited Access Agricultural and Applied Economics Association Mishra, Ashok K.; Kumar, Anjani; Joshi, Pramod Kumar; and Dsouza, Alwin. 2022. Monopsonists, disruptive innovation and food security: The case of high‐value commodity. Applied Economic Perspectives and Policy 44(1): 460-476. https://doi.org/10.1002/aepp.13122 |
| spellingShingle | commodities food security contract farming profit Mishra, Ashok K. Kumar, Anjani Joshi, Pramod Kumar Dsouza, Alwin Monopsonists, disruptive innovation and food security: The case of high‐value commodity |
| title | Monopsonists, disruptive innovation and food security: The case of high‐value commodity |
| title_full | Monopsonists, disruptive innovation and food security: The case of high‐value commodity |
| title_fullStr | Monopsonists, disruptive innovation and food security: The case of high‐value commodity |
| title_full_unstemmed | Monopsonists, disruptive innovation and food security: The case of high‐value commodity |
| title_short | Monopsonists, disruptive innovation and food security: The case of high‐value commodity |
| title_sort | monopsonists disruptive innovation and food security the case of high value commodity |
| topic | commodities food security contract farming profit |
| url | https://hdl.handle.net/10568/141320 |
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