Decomposing producer price risk: a policy analysis tool with an application to northern Kenyan livestock markets

Barrett, Chris; Luseno, Winnie K.

doi:10.1016/j.foodpol.2004.07.008

Cited by 49 publications

(13 citation statements)

References 13 publications

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“…From a policy perspective, the most important implication of our results is that households that make sequential marketing decisions are more price responsive and less likely to be vulnerable to trader exploitation. This is consistent with recent price analysis in the region that finds little support for the hypothesis that traders are able to vary prices locally to take advantage of poor herders (Barrett and Luseno 2004). Using these, we can fully describe the two-step estimator used in section 5.…”

Section: Resultssupporting

confidence: 86%

An Ordered Tobit Model of Market Participation: Evidence from Kenya and Ethiopia

Bellemare

Barrett

2006

American J Agri Economics

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Do rural households in developing countries make market participation and volume decisions simultaneously or sequentially? This article develops a two-stage econometric method to test between these two competing hypotheses regarding household-level marketing behavior. The first stage models the household's choice of whether to be a net buyer, autarkic, or a net seller in the market. The second stage models the quantity bought (sold) for net buyers (sellers) based on observable household characteristics. Using household data from Kenyan and Ethiopian livestock markets, we find evidence in favor of sequential decision making, the welfare implications of which we discuss. Copyright 2006, Oxford University Press.

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Section: Resultssupporting

confidence: 86%

An Ordered Tobit Model of Market Participation: Evidence from Kenya and Ethiopia

Bellemare

Barrett

2006

American J Agri Economics

Self Cite

230

138

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“…temporally variable (see Barrett et al 2003;Barrett and Luseno 2004). Many households adopt a livestock sales strategy -distress sales -to cope with food insecurity.…”

Section: Market Shocksmentioning

confidence: 99%

Applying the concept of resilience to pastoralist household data

McPeak

Little

2017

Pastoralism

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This article explores the concept of resilience as outlined in a recent World Bank publication that applies the concept to rangeland areas in Africa. The paper does not attempt to speak to all of the dimensions of resilience and debates about the concept's applications to pastoral ecology and rangelands. Instead, we utilize a panel data set from northern Kenya and southern Ethiopia that has been analysed in other published studies to reconsider it from a resilience perspective. We show how different livelihood groups in the region are impacted by climate, disease, market, conflict, and land use shocks in a time characterized by a drought phase and a recovery phase. In many cases, there are livelihood-specific impacts of these shocks, and these help explain long-term herd dynamics and pastoralist poverty traps. Our analysis then turns to different ways of measuring resilience and finds that measurements of combined income and asset thresholds provide the most convincing outcomes. We further assess some broader opportunities and innovations that have the potential to enhance resilience in the drylands. Finally, different policy relevant steps that can be taken to enhance resilience are discussed in the context of the considerable heterogeneity in livelihood strategies which occurs in African rangelands.

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“…Pastoralists not only derive their diets from livestock such as milk, meat and blood (Fratkin and Roth, 2005) but they also consume market products (mainly cereals) by selling livestock (Barrett and Luseno, 2004). Figure 1 illustrates the main reasons that the households keep livestock in the region.…”

Section: Productive Investments and Risks In Kenya's Pastoral And Daimentioning

confidence: 99%

A field study for assessing risk-contingent credit for Kenyan pastoralists and dairy farmers

Shee¹,

Turvey

Woodard

2015

Agricultural Finance Review

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Purpose -The purpose of this paper is to assess the feasibility of risk-contingent credit (RCC) by presenting an experimental and participatory game designed to explain the concept of RCC to Kenyan pastoralists and dairy farmers. The paper investigates the uptake potential of RCC through qualitative assessment of field experiments and focus groups. Design/methodology/approach -The paper presents a method of community engagement through a participatory game played in a series of Focus Group Discussions (FGDs). The paper also presents theoretical justification of RCC in credit market structure. Findings -The game effectively explains the concept and mechanism of RCC by reflecting local situation and production potential. Participatory exercises within focus group discussions indicate that there exists a strong interest and support for RCC. Research limitations/ implications -The methodology described in this paper can be used in extension programs for promoting innovative rural microcredit in developing countries but should be modified according to the local production and associated weather and market risks. Originality/value -Micro-insurance and credit program delivery can be improved by our innovative approach of community engagement for explaining financial products.

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Decomposing producer price risk: a policy analysis tool with an application to northern Kenyan livestock markets

Cited by 49 publications

References 13 publications

An Ordered Tobit Model of Market Participation: Evidence from Kenya and Ethiopia

An Ordered Tobit Model of Market Participation: Evidence from Kenya and Ethiopia

Applying the concept of resilience to pastoralist household data

A field study for assessing risk-contingent credit for Kenyan pastoralists and dairy farmers

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