Prioritizing agricultural investments across commodities for income growth and poverty reduction: Methods and applications
Some agricultural investments are commodity-specific, meaning that they increase the productivity of production, processing, or marketing of a single agricultural commodity or a set of closely-related commodities. Examples include investment in cassava breeding, expanding cotton ginning capacity, ir...
| Autores principales: | , |
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| Formato: | Artículo preliminar |
| Lenguaje: | Inglés |
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International Food Policy Research Institute
2021
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| Acceso en línea: | https://hdl.handle.net/10568/143359 |
| _version_ | 1855539453483810816 |
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| author | Martin, Will Minot, Nicholas |
| author_browse | Martin, Will Minot, Nicholas |
| author_facet | Martin, Will Minot, Nicholas |
| author_sort | Martin, Will |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Some agricultural investments are commodity-specific, meaning that they increase the productivity of production, processing, or marketing of a single agricultural commodity or a set of closely-related commodities. Examples include investment in cassava breeding, expanding cotton ginning capacity, irrigation for rice production, expansion of cold storage capacity for horticultural exports, or road investment to a region whose main product is maize. Traditional cost-benefit analysis estimates the effect of in-vestments on net income assuming that the investment is not large enough to influence market prices. However, a different approach is needed when the investment affects market prices and/or there is an interest in other outcomes such as poverty reduction. This report describes an approach to estimating the impact of commodity-specific agricultural investments on income, poverty, and other measures of welfare. This approach can be extended to identify the optimal allocation of an investment budget across commodities subject to a given objective function. For example, it could be used to allocate agricultural research funds across commodities to maximize income, poverty reduction, or a weighted average of the two. |
| format | Artículo preliminar |
| id | CGSpace143359 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1433592025-11-06T07:14:50Z Prioritizing agricultural investments across commodities for income growth and poverty reduction: Methods and applications Martin, Will Minot, Nicholas income models economic growth investment commodities welfare agriculture poverty Some agricultural investments are commodity-specific, meaning that they increase the productivity of production, processing, or marketing of a single agricultural commodity or a set of closely-related commodities. Examples include investment in cassava breeding, expanding cotton ginning capacity, irrigation for rice production, expansion of cold storage capacity for horticultural exports, or road investment to a region whose main product is maize. Traditional cost-benefit analysis estimates the effect of in-vestments on net income assuming that the investment is not large enough to influence market prices. However, a different approach is needed when the investment affects market prices and/or there is an interest in other outcomes such as poverty reduction. This report describes an approach to estimating the impact of commodity-specific agricultural investments on income, poverty, and other measures of welfare. This approach can be extended to identify the optimal allocation of an investment budget across commodities subject to a given objective function. For example, it could be used to allocate agricultural research funds across commodities to maximize income, poverty reduction, or a weighted average of the two. 2021-11-01 2024-05-22T12:13:36Z 2024-05-22T12:13:36Z Working Paper https://hdl.handle.net/10568/143359 en Open Access application/pdf International Food Policy Research Institute Millennium Challenge Corporation Martin, Will and Minot, Nicholas. 2021. Prioritizing agricultural investments across commodities for income growth and poverty reduction: Methods and applications. IFPRI – MCC Technical Paper Series: Prioritizing Agricultural Investments for Income, Poverty Reduction, and Nutrition 3. Washington, DC: International Food Policy Research Institute (IFPRI); and Millennium Challenge Corporation (MCC). https://doi.org/10.2499/p15738coll2.134800. |
| spellingShingle | income models economic growth investment commodities welfare agriculture poverty Martin, Will Minot, Nicholas Prioritizing agricultural investments across commodities for income growth and poverty reduction: Methods and applications |
| title | Prioritizing agricultural investments across commodities for income growth and poverty reduction: Methods and applications |
| title_full | Prioritizing agricultural investments across commodities for income growth and poverty reduction: Methods and applications |
| title_fullStr | Prioritizing agricultural investments across commodities for income growth and poverty reduction: Methods and applications |
| title_full_unstemmed | Prioritizing agricultural investments across commodities for income growth and poverty reduction: Methods and applications |
| title_short | Prioritizing agricultural investments across commodities for income growth and poverty reduction: Methods and applications |
| title_sort | prioritizing agricultural investments across commodities for income growth and poverty reduction methods and applications |
| topic | income models economic growth investment commodities welfare agriculture poverty |
| url | https://hdl.handle.net/10568/143359 |
| work_keys_str_mv | AT martinwill prioritizingagriculturalinvestmentsacrosscommoditiesforincomegrowthandpovertyreductionmethodsandapplications AT minotnicholas prioritizingagriculturalinvestmentsacrosscommoditiesforincomegrowthandpovertyreductionmethodsandapplications |