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Farmers' subjective valuation of subsistence crops: the case of traditional maize in Mexico

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  • Arslan, Aslıhan
  • Taylor, J. Edward

Abstract

Shadow prices guide farmers' resource allocations, but for subsistence farmers growing traditional crops, shadow prices may bear little relationship with market prices. We econometrically estimate shadow prices of maize using data from a nationally representative survey of rural households in Mexico. Shadow prices are significantly higher than the market price for traditional but not improved maize varieties. They are particularly high in the indigenous areas of southern and southeastern Mexico, indicating large de facto incentives to maintain traditional maize there.

Suggested Citation

  • Arslan, Aslıhan & Taylor, J. Edward, 2008. "Farmers' subjective valuation of subsistence crops: the case of traditional maize in Mexico," Kiel Working Papers 1457, Kiel Institute for the World Economy (IfW).
  • Handle: RePEc:zbw:ifwkwp:1457
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    References listed on IDEAS

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    More about this item

    Keywords

    Shadow prices; non-market values; supply response; traditional crops; onfarm conservation; Mexico;
    All these keywords.

    JEL classification:

    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
    • Q39 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Other

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