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Agricultural Risk Management through Community-Based Wildlife Conservation in Rural Zimbabwe

Listed author(s):
  • Muchapondwa, Edwin


    (School of Economics, University of Cape Town)

  • Sterner, Thomas


    (Department of Economics, School of Business, Economics and Law, Göteborg University)

This paper investigates whether the risk faced by rural farmers in Zimbabwe could poten- tially be managed by using community-based wildlife conservation. Community-based wildlife conservation could be an additional asset in the rural farmers’ investment portfolio thereby potentially diversifying and consequently reducing the risk they face. Such investment could also help e¤orts to conserve wildlife. By making use of national historical data and statistical analysis, this paper …nds that community-based wildlife conservation is a feasible hedge asset for agricultural production in rural Zimbabwe. The bene…ts of diversi…cation into community-based wildlife conservation are likely to be high only in those rural areas that can sustain wildlife pop- ulations su¢cient to generate adequate returns from wildlife activities such as tourism, trophy hunting, live animal sales and meat cropping.

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Paper provided by University of Gothenburg, Department of Economics in its series Working Papers in Economics with number 409.

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Length: 15 pages
Date of creation: 03 Dec 2009
Publication status: Published as Muchapondwa, Edwin and Thomas Sterner, 'Agricultural Risk Management through Community-Based Wildlife Conservation in Rural Zimbabwe' in Journal of Agribusiness in Developing and Emerging Economies, 2012, pages 41-56.
Handle: RePEc:hhs:gunwpe:0409
Contact details of provider: Postal:
Department of Economics, School of Business, Economics and Law, University of Gothenburg, Box 640, SE 405 30 GÖTEBORG, Sweden

Phone: 031-773 10 00
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