African Journal of
Agricultural Research

  • Abbreviation: Afr. J. Agric. Res.
  • Language: English
  • ISSN: 1991-637X
  • DOI: 10.5897/AJAR
  • Start Year: 2006
  • Published Articles: 6712

Full Length Research Paper

Reassessing cotton pricing policy in Burkina Faso: How important is price stabilization?

Amadou Gouzaye
  • Amadou Gouzaye
  • Department of Agricultural Economics, Oklahoma State University. 308 Ag Hall, Stillwater, Oklahoma, 74078, United States.
  • Google Scholar
Jeffrey Vitale
  • Jeffrey Vitale
  • Department of Agricultural Economics, Oklahoma State University. 308 Ag Hall, Stillwater, Oklahoma, 74078, United States.
  • Google Scholar
Pilja Park
  • Pilja Park
  • Promised Prairie LLC, 6205 E VFW Road, Glencoe, Oklahoma, 74032, United States.
  • Google Scholar


  •  Received: 25 July 2017
  •  Accepted: 07 November 2017
  •  Published: 14 December 2017

References

Anderson JR, Dillon JL (1992). Risk analysis in dryland farming system. FAO, Rome Italy.

 

Anderson K, Masters W (2009). Distortions to agricultural incentives in Africa. Trade and Development Series. Washington DC, International Bank.
Crossref

 
 

Arrow K J (1971). Essays in the Theory of Risk-Bearing. North Holland, Amsterdam, The Netherlands.

 
 

Badiane O, Dhaneshwar G, Goreux L, Masson P (2002). Cotton sector strategies in West and Central Africa. Int. Bank Policy Res. Working Paper 2867. Washington DC.
Crossref

 
 

Baffes J (2005). The cotton problem. Int. Bank Res. Observer 20(1):109-44.
Crossref

 
 

Baquedano FG, Sanders JH, Vitale JD (2010). Increasing incomes of Malian cotton farmers: Is elimination of U.S. subsidies the only solution? Agric. Syst. 103:418-432.
Crossref

 
 

Baffes J (2007). Distortions to cotton sector incentives in West and Central Africa. Paper presented at the CSAE conference "Economic Development in Africa", Oxford, U.K., 19-20 March.

 
 

Baffes J (2012) African Agricultural Reforms: The Role of Consensus and Institutions. Washington D.C. World Bank Publication pp. 125-149.

 
 

Baffes J, Tschirley D, Gergely N (2009). Pricing system and prices paid to producers, In: T. David, P. Colin, L. Poulton(eds) Organization and Performance of Cotton Sector in Africa- Leaning from Reform Experience. The International Bank, Washington, DC.

 
 

Baghdadli I, Chaikhrouhou H, Raballand G (2007). Strategies for Cotton in West and Central Africa. Enhancing competitiveness in the 'Cotton-4'. World Bank Working Paper No. 108. Available at: 

View. Accessed on Dec. 3, 2017.
Crossref

 
 

Bailey MJ, Olson M, Wonnacott P (1980). The Marginal Utility of Income Does Not Increase: Borrowing, Lending, and Friedman-Savage Gambles. Am. Econ. Rev. 70(3):372-379.

 
 

Bassett TJ (2010). Slim pickings: Fairtrade cotton in West Africa. Geoforum 41(1):44-55.
Crossref

 
 

Bassett TJ (2014). Capturing the margins: World market prices and cotton farmer incomes in West Africa. Worl. Develop. 59: 408-421.
Crossref

 
 

Cotlook Co (2011). 

View accessed on May 22nd, 2012.

 
 

Delpeuch C, Leblois A (2011). The elusive quest for supply response to cash-crop market reforms in Sub-Saharan Africa: the case of cotton. The World Bank, Policy Research Working Paper Series: 5861.
Crossref

 
 

Delpeuch C, Leblois A (2013). Sub-Saharan African Cotton Policies in Retrospect. Develop. Pol. Rev. 31: 617-642.
Crossref

 
 

Diao X, Hazell P (2004). Exploring market opportunities for African Smallholders. Paper presented at the conference on "Assuring food and nutrition security in Africa by 2020: prioritizing actions, strengthening actors, and facilitating partnerships", Kampala Uganda 1-3 April.

 
 

Estur G (2004). Commodity risk management approaches for cotton in West Africa. Working paper, International Cotton Advisory Committee, Washington DC.

 
 

Food and Agriculture Organization (FAO)(2017). FAOSTAT database collections. Food and Agriculture Organization of the United Nations. Rome. Access date: 2013-04-22. URL: 

View

 
 

Freund R (1956). The Introduction of risk into a programming model. Economic 21:253-263.
Crossref

 
 

Hardaker JB, Richardson JW, Lien G, Schumann KD (2004). Stochastic efficiency analysis with risk aversion bounds: A simplified approach. Aus. J. Agric. Res. Econ. 48(2):253-270.
Crossref

 
 

Hazell PBR (1971). A linear alternative to quadratic and semi-variance programming for farm planning under uncertainty. Am. J. Agric. Econ. 53:53-63.
Crossref

 
 

Heinisch EL (2006). West Africa versus the United State on cotton subsidies: how, why and what next. J. Mod. Afr. Stud. 44(2):251-274.
Crossref

 
 

Kaminski J (2007). Interlinked agreements and institutional reform in the cotton sector of Burkina Faso. Paper presented at the NEUDC conference at Harvard University, Cambridge, MA, Oct. 27th.

 
 

Kherallah M, Delgado C, Gabre-Madhin E, Minot N, Johnson M (2000). The road half traveled: Agricultural market reform in Sub-Saharan Africa, Working paper. Int. Food Policy Res. Institute. Available at: 

View accessed Dec. 3, 2017.

 
 

Levy H, Markowitz HM (1979). Approximating expected utility by a function of mean and variance. Am. Econ. Rev. 69:308-317.

 
 

Mapp PH, Hardin LM, Odell L, Walker LO, Persaud T (1979). Analysis of risk management strategies for agricultural producers. Am. J. Agric. Econ. 61(5):1071-1077.
Crossref

 
 

Markowitz H (1952). Portfolio selection. J. Fin. 7(1):77-91.

 
 

Moschini G (2001). Production risk and the estimation of Ex-ante cost functions. J. Econ. 100:357-380.
Crossref

 
 

Nelen J (2007). Farmers' organization in West Africa: emerging stakeholders in cotton sector reforms: Producer organizations and market chains: facilitating trajectories of change in developing countries pp. 219-232.

 
 

Nyangweso PM, Odhinanbo MO (2004). Exporting Kenya's horticultural products: Challenges and opportunities in the 21st century. Proceedings of the inaugural symposium of the African Association of agricultural Economics, 6 to 8 December, Nairobi, Kenya.

 
 

Onal A (2012). African Agricultural Reforms: The Role of Consensus and Institutions, World Bank publication pp. 89-123, Washington D.C.

 
 

Ouatara K, Schroeder TC, Sorenson LO (1992). Potential use of futures markets for international marketing of Cote d'Ivoire Coffee. J. Futures Mark. 10(2):113-121.
Crossref

 
 

Patillo C, Soderbom M (2000). Managerial risk attitudes and firm performance in the Ghanaian Manufacturing: An empirical analysis based on experimental data. Working paper No. 3. CSAE-UNIDO, Department of Economics . University of Oxford, Oxford, UK.

 
 

Poulton C, Wilbald M (2007). Multi country review of the impact of cotton sector reformin sub-Saharan Africa: Tanzania country study. Mimeo Prepared for the International Bank. Washington D.C.

 
 

Rapsomanikis G, Hallam D, Conforti P (2003). Market integration and price transmission in selected food and cash crop markets of developing countries: review and applications. In Commodity market review 2003-2004, Food and Agriculture Organization. Rome, Italy.

 
 

Rolfo J (1980). Optimal hedging under price and quantity uncertainty: The case of cocoa producer. J. Polit. Econ. 88(1):100-116.
Crossref

 
 

Roy AD (1952). Safety first and the holding of assets. Economic 20:431-449.
Crossref

 
 

SAS Institute (2008). The SAS System for Windows. Release 9.2.SAS Inst.,Cary, NC.

 
 

Theriault V, Serra R (2014). Institutional environment and technical efficiency: A stochastic frontier analysis of cotton producers in West Africa. J. Agric. Econ. 65(2):383-405.
Crossref

 
 

TheriaultV, Tschirley DL (2014). How institutions mediate the impact of cash cropping on food crop intensification: An application to cotton in Sub-Saharan Africa. World Dev. 64:298-310.
Crossref

 
 

Tschirley D, Poulton C, Labaste P (2009). Comparative analysis of organization and performance of African cotton sectors: learning from experience of cotton sector reform in Africa. Washington DC: The International Bank.
Crossref