Exante economic analysis of biological control of coconut mite in Benin

The coconut mite, Aceria guerreronis Keifer, has been identified as one of the pests that pose a threat to the coconut industry in Benin. The study presents the simulation results of the economic benefits of the biological control of coconut mites in Benin using a standard economic surplus model. In...

Descripción completa

Detalles Bibliográficos
Autores principales: Oleke, J.M., Manyong, Victor M., Mignouna, Djana B., Isinika, A., Mutabazi, K.D., Hanna, R., Sabelis, M.
Formato: Journal Article
Lenguaje:Inglés
Publicado: 2013
Materias:
Acceso en línea:https://hdl.handle.net/10568/76405
Descripción
Sumario:The coconut mite, Aceria guerreronis Keifer, has been identified as one of the pests that pose a threat to the coconut industry in Benin. The study presents the simulation results of the economic benefits of the biological control of coconut mites in Benin using a standard economic surplus model. In the least optimistic scenario, the economy would derive an overall net gain of US$155,213.40. Considered at a discount rate of 12% for the period 2008-2027, net present value was about $207,721, while the internal rates of return or break-even discount rates are high at 13.21%. It is therefore recommended that contemporaneous with the release of natural predators of the coconut mite, plans should be underway for improving research and extension services to coconut farmers in Benin.