Farm viability of (semi)subsistence smallholders in Sierra Leone

Silvia Saravia Matus and Sergio Gomez Y Paloma

African Journal of Agricultural and Resource Economics, 2014, vol. 09, issue 3, 18

Abstract: This paper explores how different theoretical viewpoints on market integration and socioinstitutional settings alter farm viability assessments based on (semi)subsistence farm income measurements. The measurement of net farm income (NFI) is presented under two approaches: one based on Neoclassical Economics, and another from a Neo-Institutional perspective. Using data from Sierra Leone it is demonstrated that the assumptions about (output and input) market integration/participation, labour usage accounting and other institutional arrangements of (semi)subsistence farming affect NFI calculations. As a consequence, different farm viability readings emerge, directly influencing the outcome of policy decisions.

Keywords: Agribusiness; Community/Rural/Urban Development; Farm Management (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ags:afjare:183891

DOI: 10.22004/ag.econ.183891

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