Instability of agricultural prices
2008 price crisis: Adaptation strategy of rural households in Senegal, 2012-2014
Surveys on the structures of holdings, employment, incomes, etc. were conducted in 7 countries as part of the program jointly implemented by the World Bank and AFD from 2006 to 2010 on the structural dimensions of liberalization for agriculture and rural development (RuralStruc program). In Senegal, the survey was conducted in 2007. There has since been the 2008 food price crisis. The aim of a second wave of surveys of the same households surveyed in 2007, and using the same methodology, is to assess the effect of price shocks and the measures that followed them on the structures of holdings, incomes, employment, production, the diversification of income sources, and marketing methods.
Partnerships: Prospective Agricultural and Rural Initiative (IPAR, Senegal), International Development Research Centre (IDRC, Canada)
Cocoa price volatility: impact on producers’ strategies and employment, 2013-2015
Some 70% of cocoa production comes from West and Central Africa. It is mainly provided by small producers, for whom a significant proportion of incomes is based on this crop. Yet there has been an increase in inter- and intra-annual volatility, which is partly related to a strong concentration of production and its exposure to climate hazards. There are currently few instruments to assist producers in managing this price risk. It is for this reason that in 2013, the International Cocoa Organization (ICCO), in partnership with AFD and the Common Fund for Commodities (CFC), launched a work program in Cameroon, Nigeria, Sierra Leone and Togo comprising 3 components: 1) impact analysis of price volatility and the strategies implemented by producers, 2) awareness-raising for cocoa producers in terms of price risk management strategies, 3) training and capacity building for producers on price risk management.
Partnerships: International Cocoa Organization (ICCO), Common Fund for Commodities (CFC).