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  1. Livestock as an imperfect buffer stock in poorly integrated markets
    Autor*in: Lange, Simon; Reimers, Malte
    Erschienen: 2014
    Verlag:  Courant Research Centre, Göttingen

    Livestock holdings in rural areas of the West African Semi-arid Tropics (WASAT) are often substantial yet there is little evidence for precautionary saving in the form of livestock out of transitory income. The present paper re-visits farm... mehr

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 439 (162)
    Fernleihe:
    keine Fernleihe

     

    Livestock holdings in rural areas of the West African Semi-arid Tropics (WASAT) are often substantial yet there is little evidence for precautionary saving in the form of livestock out of transitory income. The present paper re-visits farm households' ability to smooth consumption ex post via savings in the form of livestock. Exploiting two comprehensive panel datasets covering Burkina Faso's 2004 drought, we find that livestock sales increase significantly in response to drought. Consistent with consumption smoothing, the motive frequently cited by households for these extra sales is the need to finance food consumption. Using deviations in rainfall to extract the transitory component of crop profit, we find evidence that shocks are nevertheless to a large extent passed on to consumption expenditure. In line with the literature, our results suggest that some consumption smoothing is achieved via adjustments to grain stocks while households apparently fail to smooth consumption by adjusting livestock holdings. We argue that this seemingly contradictory finding is largely due to a decrease in relative livestock prices during droughts. This suggests that selling livestock is a costly coping strategy which may be the reason that households rely on it only to a limited extent.

     
    Export in Literaturverwaltung   RIS-Format
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    Hinweise zum Inhalt
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/103424
    Schriftenreihe: Discussion papers / Courant Research Centre ; 162
    Schlagworte: Vorsichtssparen; Tierhaltung; Preis; Risikomanagement; Dürre; Burkina Faso
    Umfang: Online-Ressource (56 S.), graph. Darst., Kt.
  2. Livestock as an imperfect buffer stock in poorly integrated markets
    Autor*in: Lange, Simon; Reimers, Malte
    Erschienen: 2015
    Verlag:  Univ., RTG 1666 GlobalFood, Göttingen

    Livestock holdings in rural areas of the West African Semi-arid Tropics (WASAT) are often substantial yet there is little evidence for precautionary saving in the form of livestock. This paper re-visits farm households' ability to smooth consumption... mehr

    Standort:
    Staats- und Universitätsbibliothek Bremen
    Fernleihe:
    keine Fernleihe

    Standort:
    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    Fernleihe:
    keine Fernleihe

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 440 (65)
    Fernleihe:
    keine Fernleihe

     

    Livestock holdings in rural areas of the West African Semi-arid Tropics (WASAT) are often substantial yet there is little evidence for precautionary saving in the form of livestock. This paper re-visits farm households' ability to smooth consumption ex post via savings in the form of livestock. Based on data covering Burkina Faso's 2004 drought, we find that livestock sales increase significantly in response to drought with households citing the need to finance food consumption. Some consumption smoothing is achieved via adjustments to grain stocks, but households apparently fail to smooth consumption by adjusting livestock holdings. We argue that this seemingly contradictory finding is largely due to a decrease in relative livestock prices during droughts. This renders selling livestock a costly coping strategy and underlines the need for market integration.

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Hinweise zum Inhalt
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/110456
    Schriftenreihe: GlobalFood discussion papers ; 65
    Schlagworte: Vorsichtssparen; Tierhaltung; Preis; Risikomanagement; Dürre; Burkina Faso
    Umfang: Online-Ressource (44 S.), graph. Darst., Kt.