Africa RISING technologies offer farmers an opportunity to triple earnings
5 October 2015
Results from an indicative cost-benefit analysis on the use of Africa RISING technologies in northern Ghana show that farmers are getting better economic returns from the project’s technologies.
For instance, the mean benefit-cost ratio (BCR) for the technologies is 4.2 indicating that the farmers earned three times (300%) their total expenditure when using technologies by Africa RISING.
The results also show that the mean returns to labor when a farmer adopts these technologies is GHC 49.1 (US$12.4)/person day compared to the average daily wage rate of GHC 5.4/day in the project research zones. This means that Africa RISING technologies on average can generate a daily net return to labor nine times greater than what a farmer can earn in a day if they are involved in casual work in the project intervention areas.
Crop diversification technologies, soil fertility management, and pest management practices were some of the technology categories reviewed during the cost-benefit analysis. It appears that crop diversification technologies give higher returns than the other two categories.
Furthermore the analysis showed that profits are more sensitive to changes in output prices than to changes in input prices and wages. This implies that the adoption of the technologies is most affected by policy interventions that affect output prices.
For more information please contact:
Katherine Lopez, Head of Communication, IITA HQ, K.Lopez@cgiar.org
About IITA www.iita.org
IITA is one of the world’s leading research partners in finding solutions for hunger, malnutrition, and poverty. Its award-winning research-for-development (R4D) approach addresses the development needs of tropical countries. IITA works with partners to enhance crop quality and productivity, reduce producer and consumer risks, and generate wealth from agriculture. IITA is a non-profit organization founded in 1967 in Nigeria and governed by a Board of Trustees. IITA works on the following crops: cowpea, soybean, banana/plantain, yam, cassava, and maize. It is a member of CGIAR, a global agriculture research partnership for a food secure future.