Mechanization in Nigeria: What needs to be done to stimulate demand and support market growth?

Hiroyuki Takeshima and Adam Kennedy

No 303614, Feed the Future Innovation Lab for Food Security Policy Research Briefs from Michigan State University, Department of Agricultural, Food, and Resource Economics, Feed the Future Innovation Lab for Food Security (FSP)

Abstract: Key Policy Recommendations -Rural wages are increasing due to non-farm job growth, food prices remain high, and complementary technologies are being used that should support a growing demand for mechanization, though it is currently limited. -Investments in R&D can support farm intensification and improve demand for mechanization as will research on implements and machinery best suited for local use. -Reducing transaction costs can make machines more readily available, but there are still market inefficiencies that should be addressed through targeted investments beyond subsidies. -Supporting better business models that improve the efficiency of tractor hire services can help address farmer demand while stimulating private sector investment in the sector to address access in underserved areas.

Keywords: Agricultural and Food Policy; Consumer/Household Economics; Food Security and Poverty; International Development (search for similar items in EconPapers)
Pages: 4
Date: 2019-09-18
New Economics Papers: this item is included in nep-agr
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https://ageconsearch.umn.edu/record/303614/files/FSP%2BResearch%2BBrief%2B98.pdf (application/pdf)

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Working Paper: Mechanization in Nigeria: What needs to be done to stimulate demand and support market growth? (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:miffpb:303614

DOI: 10.22004/ag.econ.303614

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