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Deregulation of Lesotho's maize market

Author

Listed:
  • van Schalkwyk, Herman D.
  • van Zyl, Johan
  • Botha, P.W.
  • Bayley, B.

Abstract

During the past year, there have been major policy reforms in Lesotho and South Africa with respect to maize pricing and marketing. In Lesotho the impact of deregulation on producers, consumers and government revenues was substantially lower than it should have been, and as a result Lesotho was not able to reap the full benefits of these changes. This is partly because information on the changes to the maize marketing system did not reach the potential beneficiaries of the new system. Free and easily accessible information is an essential element of a free market system. SACU countries must ensure the availability of information if they want to compete internationally.

Suggested Citation

  • van Schalkwyk, Herman D. & van Zyl, Johan & Botha, P.W. & Bayley, B., 1997. "Deregulation of Lesotho's maize market," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 36(4), pages 1-12, December.
    • Handle: RePEc:ags:agreko:54723
    DOI: 10.22004/ag.econ.54723
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    References listed on IDEAS

    as
    1. Malcolm D. Bale & Ernst Lutz, 1981. "Price Distortions in Agriculture and Their Effects: An International Comparison," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(1), pages 8-22.
    2. Malcolm D. Bale & Bruce L. Greenshields, 1978. "Japanese Agricultural Distortions and Their Welfare Value," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(1), pages 59-64.
    3. Makenete, Andrew L. & Ortmann, Gerald F. & Darroch, Mark A.G., 1997. "Maize Marketing And Pricing In Lesotho: Implications For Policy Reform," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 36(1), pages 1-18, March.
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