Search
Displaying 151 - 160 of 206
August 1, 2023
2023 Risk and Profit Conference Recordings
Driving up land prices (pricing U.S. farmers out?)
• No ties to local communities or to support local businesses
8/17/2023 …
February 12, 2024
Ag Law Issues
farming/ranching and rural landowning communities and triggered many legal …
November 21, 2012
USDA METSS Project
These infrastructural constraints in the post‐harvest environment may explain a large part of the relatively
low quality of the local rice in comparison to the imported rice in Ghana.
9
Figure 7 shows the two distinct but related rice markets in Ghana – the local and the imported
rice markets – and the clear segmentation of the rural and urban consumer segments. Ghana
Ministry of Food and Agriculture reports that while 80% of local rice is consumed in rural
communities, imported rice is ubiquitous in both urban and rural communities. This extensive
presence of imported rice across country would suggest that its price determines that of local
rice. The price trends in Source: Statistical Research and Information Directorate (SRID), MoFA – Ghana.
Figure 5 shows the trends in the nominal monthly wholesale price of local and imported rice
from January 2006 to December 2011. It shows that the commodity crisis of 2008 shifted rice
prices to a new level, for until March 2008, there had never been more GH₵9.00/100kg change
in price from one month to the next in either rice markets. The peak month‐to‐month
difference of GH₵11.67 for local rice and GH₵18.78 for imported rice occurred between June
and July 2008 and between April and May 2008. This single massive shift put prices in both rice
markets at higher levels from which they have not descended. The figure also shows that prices
of imported rice accelerated in the last half of 2011, increasing by GH₵17.58/100kg between
June and July and by GH₵16.16 between November and December. For local rice, a price spike
of GH₵12.13 was observed between May and June of 2011.
Figure 5 and Figure 6 show strong positive correlation (0.98) between the two prices (both
nominal and real), significant at the 1% level between January 2006 and December 2011.
Figure 4 showed that between 2000 and 2009, approximately 2.5MT of rice were imported for
each tonne of rice produced in the country. Given the dominance of imported rice and
consumer preference for imported rice in Ghana, it is very plausible that local rice price is
determined by imported rice price. To what extent does import price determine the local price?
This question is relevant because of the ongoing policy debate about how to address the high
import penetration ratio of rice in Ghana. From a food security perspective, increasing
imported rice price (through tariffs, for example) could, keeping all other things unchanged,
directly increase domestic rice price if this relationship is confirmed, and, result in rice
becoming inaccessible to income‐constrained consumers. Such a policy, then, neither achieves
its income enhancement nor its food security objectives.
To answer the question about the extent to which the imported rice price determines the local
price, a simple linear regression model is estimated using real local rice price (PL) as the
dependent variable and real imported rice price (PF) and tariffs (T) as the independent
variables. The model is presented as follows:
…
Breakout Sessions
development groups for rural communities.
Abstract/Summary … development groups for rural communities.
Abstract/Summary …
Breakout Sessions
September 2, 2022
Ag Law Issues
billion for “disadvantaged communities” (keep in mind
that the … locating in an “energy community” –
area with significant …
October 1, 2015
USDA METSS Project
August 11, 2016
Breakout session presentations
development groups for rural communities.
Abstract/Summary
With … development groups for rural communities.
Abstract/Summary
With …
Section 2: Considering Cooperatives
on the viability of rural
communities that are dependent on profitable …
July 29, 2004
Management
attitudes and
perceptions in the community when immigrant
employees …