Farm Prices and the Green Revolution. Some Reflections on the Performance of Private Agricultural Markets in Pakistan
AbstractPrivate agricultural marketing systems in developing countries are sometimes considered incapable of handling rapid growth in farm produce with adequate reward to the producer. As such, they could discourage improvements in farm productivity. This paper shows that this is not necessarily so in Pakistan. During the Green Revolution of the Sixties, when, owing to cultivation of HYVs, total production of wheat and (coarse) rice increased significantly, the marketing system facilitated the farmer's search for a desired price. More traders entered the trade, and increased competition among them enabled the farmer to secure better prices for his wheat and rice crops. The trader's margin at different stages of marketing also went down during the Green Revolution period, signifying an improvement in the performance of agricultural markets.
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Bibliographic InfoArticle provided by Pakistan Institute of Development Economics in its journal The Pakistan Development Review.
Volume (Year): 24 (1985)
Issue (Month): 2 ()
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- Peter A. Cornelisse, 1984. "Wheat-market Flows in the Punjab," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 23(1), pages 65-79.
- Kurosaki, Takashi & Fafchamps, Marcel, 2002.
"Insurance market efficiency and crop choices in Pakistan,"
Journal of Development Economics,
Elsevier, vol. 67(2), pages 419-453, April.
- Takashi Kurosaki & Marcel Fafchamps, 1998. "Insurance Market Efficiency and Crop Choices in Pakistan," Discussion Paper Series a358, Institute of Economic Research, Hitotsubashi University.
- Takashi Kurosaki & Marcel Fafchamps, 1997. "Insurance Market Efficiency and Crop Choices in Pakistan," Working Papers 97010, Stanford University, Department of Economics.
- Marcel Fafchamps & Takashi Kurosaki, 2000. "Insurance Market Efficiency and Crop Choices in Pakistan," Economics Series Working Papers 12, University of Oxford, Department of Economics.
- Smith, Laurence E. D. & Stockbridge, Michael & Lohano, Hari Ram, 1999. "Facilitating the Provision of Farm Credit: The Role of Interlocking Transactions Between Traders and Zamindars in Crop Marketing Systems in Sindh," World Development, Elsevier, vol. 27(2), pages 403-418, February.
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