Abstract

Two decades of economic reforms in Africa have not resulted in the anticipated growth in per capita agricultural production. Declining output–fertiliser price ratios, particularly for food crops, contributed to soil fertility depletion and agricultural stagnation. Current prices of agricultural products in Africa are depressed by asymmetric government food trade policies and by protective agricultural policies of OECD countries. Nor do they reflect the local and global environmental benefits of soil fertility build-up. There is an urgent need to consider the social costs and benefits of short-term price policies that supplement medium to long-term structural policies.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.