The revival of smallholder cash crops in Africa: public and private roles in the provision of finance
This paper examines the role of finance in smallholder cash crop production in Sub-Saharan Africa following market liberalization, drawing on theoretical arguments and fieldwork in Ghana, Tanzania and (for comparison) Pakistan. Smallholders' needs for finance for input purchase and traders' needs for finance to facilitate the supply of inputs and the purchase of produce are considered. It is argued that many smallholders need seasonal credit if they are to use inputs and that this can often be best achieved by loans to intermediary traders. But the development of credit markets is blocked by a high incidence of 'strategic default' on loans. Various mechanisms can be used to improve loan repayment rates from farmers, and these are analysed with a particular focus on 'interlocked contracts'. © 1998 John Wiley & Sons, Ltd.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 10 (1998)
Issue (Month): 1 ()
|Contact details of provider:|| Web page: http://www3.interscience.wiley.com/journal/5102/home|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Crow, Ben & Murshid, K. A. S., 1994. "Economic returns to social power: Merchants' finance and interlinkage in the grain markets of Bangladesh," World Development, Elsevier, vol. 22(7), pages 1011-1030, July.