The broken broker system? Transacting on agricultural wholesale markets in India (Uttarakhand)
There is a vigorous debate on liberalization of the heavily regulated agricultural markets in India. A crucial institutional characteristic is the role of state-regulated brokers in wholesale markets. Relying on data from a unique survey in Uttarakhand, a state in North India, we find that regulatio...
| Autores principales: | , , |
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| Formato: | Artículo preliminar |
| Lenguaje: | Inglés |
| Publicado: |
International Food Policy Research Institute
2011
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/154972 |
| _version_ | 1855532140985319424 |
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| author | Minten, Bart Vandeplas, Anneleen Swinnen, Johan |
| author_browse | Minten, Bart Swinnen, Johan Vandeplas, Anneleen |
| author_facet | Minten, Bart Vandeplas, Anneleen Swinnen, Johan |
| author_sort | Minten, Bart |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | There is a vigorous debate on liberalization of the heavily regulated agricultural markets in India. A crucial institutional characteristic is the role of state-regulated brokers in wholesale markets. Relying on data from a unique survey in Uttarakhand, a state in North India, we find that regulations on margins are ineffective, since most brokers charge rates that significantly exceed the regulated ones. We also find that a majority of farmers self-select into long-term relationships with brokers. These relationships allow some of the farmers to interlink credit and insurance markets to the agricultural output market. This interlinkage does not, however, appear to be an instrument for farmer exploitation (since it does not lead to worse inputs, higher interest rates, or lower implicit output prices) but is seemingly an extra service provided by brokers to establish farmer loyalty and thereby ensure future supplies. |
| format | Artículo preliminar |
| id | CGSpace154972 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2011 |
| publishDateRange | 2011 |
| publishDateSort | 2011 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1549722025-11-06T06:55:59Z The broken broker system? Transacting on agricultural wholesale markets in India (Uttarakhand) Minten, Bart Vandeplas, Anneleen Swinnen, Johan agricultural marketing brokering There is a vigorous debate on liberalization of the heavily regulated agricultural markets in India. A crucial institutional characteristic is the role of state-regulated brokers in wholesale markets. Relying on data from a unique survey in Uttarakhand, a state in North India, we find that regulations on margins are ineffective, since most brokers charge rates that significantly exceed the regulated ones. We also find that a majority of farmers self-select into long-term relationships with brokers. These relationships allow some of the farmers to interlink credit and insurance markets to the agricultural output market. This interlinkage does not, however, appear to be an instrument for farmer exploitation (since it does not lead to worse inputs, higher interest rates, or lower implicit output prices) but is seemingly an extra service provided by brokers to establish farmer loyalty and thereby ensure future supplies. 2011 2024-10-01T14:05:15Z 2024-10-01T14:05:15Z Working Paper https://hdl.handle.net/10568/154972 en https://hdl.handle.net/10568/160356 Open Access application/pdf International Food Policy Research Institute Minten, Bart; Vandeplas, Anneleen; Swinnen, Johan. 2011. The broken broker system? Transacting on agricultural wholesale markets in India (Uttarakhand). IFPRI Discussion Paper 1143. Washington, DC: International Food Policy Research Institute (IFPRI). https://hdl.handle.net/10568/154972 |
| spellingShingle | agricultural marketing brokering Minten, Bart Vandeplas, Anneleen Swinnen, Johan The broken broker system? Transacting on agricultural wholesale markets in India (Uttarakhand) |
| title | The broken broker system? Transacting on agricultural wholesale markets in India (Uttarakhand) |
| title_full | The broken broker system? Transacting on agricultural wholesale markets in India (Uttarakhand) |
| title_fullStr | The broken broker system? Transacting on agricultural wholesale markets in India (Uttarakhand) |
| title_full_unstemmed | The broken broker system? Transacting on agricultural wholesale markets in India (Uttarakhand) |
| title_short | The broken broker system? Transacting on agricultural wholesale markets in India (Uttarakhand) |
| title_sort | broken broker system transacting on agricultural wholesale markets in india uttarakhand |
| topic | agricultural marketing brokering |
| url | https://hdl.handle.net/10568/154972 |
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