IDEAS home Printed from https://ideas.repec.org/a/ags/agreko/54977.html
   My bibliography  Save this article

Maize Marketing And Pricing In Lesotho: Implications For Policy Reform

Author

Listed:
  • Makenete, Andrew L.
  • Ortmann, Gerald F.
  • Darroch, Mark A.G.

Abstract

A study was conducted during 1994-1995 amongst policy makers, government officials, retailers and millers in Lesotho to review the maize marketing system and procedures for setting maize prices at producer, mill-gate and consumer levels. Set prices distort price signals which influence decisions to allocate and distribute resources to provide goods and services for markets. Lesotho is a net importer of maize grain, the major staple, implying that maize pricing and marketing policy affect food security. Results indicate flexible informal marketing channels, fixed formal marketing channels and declining real producer, mill-gate and consumer prices in recent years Falling real South African Maize Board export grain prices and evidence of subsidies to commercial Lesotho mills explain these price trends. Changes to the one channel formal marketing system and nationally administered price structure that would encourage an open market system with less restrictive interregional maize trade are recommended.

Suggested Citation

  • 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.
    • Handle: RePEc:ags:agreko:54977
    DOI: 10.22004/ag.econ.54977
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/54977/files/Ortmann%20-%20March%201997.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.54977?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Faminow, Merle D. & Laubscher, J. M., 1991. "Empirical testing of alternative price spread models in the South African maize market," Agricultural Economics, Blackwell, vol. 6(1), pages 49-66, October.
    2. Merle D. Faminow & J.M. Laubscher, 1991. "Empirical testing of alternative price spread models in the South African maize market," Agricultural Economics, International Association of Agricultural Economists, vol. 6(1), pages 49-66, October.
    3. Gray, John, 1992. "Maize pricing policy in Eastern and Southern Africa," Food Policy, Elsevier, vol. 17(6), pages 409-419, December.
    4. E. C. Pasour, 1980. "Cost of Production: A Defensible Basis for Agricultural Price Supports?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(2), pages 244-248.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. 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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Frigon, Mathieu & Doyon, Maurice & Romain, Robert F.J., 1999. "Asymmetry in Farm-Retail Price Transmission in the Northeastern Fluid Milk Market," Research Reports 25220, University of Connecticut, Food Marketing Policy Center.
    2. Vigne, W. J. F. & Darroch, M. A. G., 1996. "Determinants Of The Maize Board-Miller Marketing Margin In South Africa : 1977-1993," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 35(4), December.
    3. Brester, Gary W. & Musick, Douglas C., 1995. "The Effect Of Market Concentration On Lamb Marketing Margins," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 27(1), pages 1-12, July.
    4. Robert Romain & Maurice Doyon & Mathieu Frigon, 2002. "Effects of state regulations on marketing margins and price transmission asymmetry: Evidence from the New York City and upstate New York fluid milk markets," Agribusiness, John Wiley & Sons, Ltd., vol. 18(3), pages 301-315.
    5. Richards, Timothy J. & Patterson, Paul M. & van Ispelen, Pieter, 1998. "Modeling Fresh Tomato Marketing Margins: Econometrics And Neural Networks," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 27(2), pages 1-14, October.
    6. Pasour, E.C., Jr., 1980. "A Critique Of Federal Agricultural Programs," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 12(1), pages 1-9, July.
    7. Backeberg, G. R., 1982. "Government Intervention In The Dairy Industry In Perspective," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 21(1), April.
    8. Langley, James A. & Price, J. Michael, 1985. "Implications of Alternative Moving Average Loan Rates," Agricultural Economic Reports 307994, United States Department of Agriculture, Economic Research Service.
    9. Pasour, E. C., Jr., 1990. "Agriculture And The State: Market Processes And Bureaucracy," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 29(4), December.
    10. Unknown, 1998. "Commodity Costs and Returns Estimation Handbook (entire book-condensed file)," Commodity Costs and Returns Estimation Handbook,, Iowa State University.
    11. Swanepoel, D. S., 1996. "Causes Of Maize Farm Bankruptcy In South Africa: 1970- 1994," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 35(4), December.
    12. Unknown, 1998. "References/Literature Cited," Commodity Costs and Returns Estimation Handbook,, Iowa State University.
    13. Lyon, Charles C. & Thompson, Gary D., 1991. "Model Selection With Temporal And Spatial Aggregation: Alternative Marketing Margin Models," Staff Papers 13253, University of Minnesota, Department of Applied Economics.
    14. Becot, Florence A. & Conner, David S. & Kolodinsky, Jane M. & Mendez, V. Ernesto, 2014. "Measuring the Costs of Production and Pricing on Diversified Farms: Juggling Decisions Amidst Uncertainties," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2014, pages 1-18.
    15. Johnson, Mark A., 1981. "RAILROADS: COST, CAPAClTY AND CRISIS," Department of Economics and Business - Archive 259713, North Carolina State University, Department of Economics.
    16. Schoney, R. A., 1984. "Using Extension Workshcpps as a Means for Collecting Farm Level Data," 1984 Annual Meeting, August 5-8, Ithaca, New York 279020, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    17. G. F. Ortmann, 1987. "Land Rents and Production Costs in the South African Sugar Industry," South African Journal of Economics, Economic Society of South Africa, vol. 55(3), pages 163-169, September.
    18. Langley, James A., 1983. "Regional acreage response functions for major US field crops: estimation and policy implications," ISU General Staff Papers 198301010800008678, Iowa State University, Department of Economics.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:agreko:54977. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aeasaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.