Prioritizing agricultural investments across commodities for income growth and poverty reduction: Methods and applications

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dc.creatorMartin, Will
dc.creatorMinot, Nicholas
dc.date2021-11-01
dc.date2024-05-22T12:13:36Z
dc.date2024-05-22T12:13:36Z
dc.date.accessioned2026-06-27T15:40:06Z
dc.descriptionSome agricultural investments are commodity-specific, meaning that they increase the productivity of production, processing, or marketing of a single agricultural commodity or a set of closely-related commodities. Examples include investment in cassava breeding, expanding cotton ginning capacity, irrigation for rice production, expansion of cold storage capacity for horticultural exports, or road investment to a region whose main product is maize. Traditional cost-benefit analysis estimates the effect of in-vestments on net income assuming that the investment is not large enough to influence market prices. However, a different approach is needed when the investment affects market prices and/or there is an interest in other outcomes such as poverty reduction. This report describes an approach to estimating the impact of commodity-specific agricultural investments on income, poverty, and other measures of welfare. This approach can be extended to identify the optimal allocation of an investment budget across commodities subject to a given objective function. For example, it could be used to allocate agricultural research funds across commodities to maximize income, poverty reduction, or a weighted average of the two.
dc.formatapplication/pdf
dc.identifierhttps://hdl.handle.net/10568/143359
dc.identifier.urihttp://hdl.handle.net/123456789/111132
dc.languageen
dc.publisherInternational Food Policy Research Institute
dc.publisherMillennium Challenge Corporation
dc.rightsOpen Access
dc.sourceMartin, Will and Minot, Nicholas. 2021. Prioritizing agricultural investments across commodities for income growth and poverty reduction: Methods and applications. IFPRI – MCC Technical Paper Series: Prioritizing Agricultural Investments for Income, Poverty Reduction, and Nutrition 3. Washington, DC: International Food Policy Research Institute (IFPRI); and Millennium Challenge Corporation (MCC). https://doi.org/10.2499/p15738coll2.134800.
dc.subjectincome
dc.subjectmodels
dc.subjecteconomic growth
dc.subjectinvestment
dc.subjectcommodities
dc.subjectwelfare
dc.subjectagriculture
dc.subjectpoverty
dc.titlePrioritizing agricultural investments across commodities for income growth and poverty reduction: Methods and applications
dc.typeWorking Paper

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Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)