Risk analysis of new maize technology in Zaire: a portfolio approach

Glenn C.W. Ames, Donald W. Reid and Li‐Fang Hsiou

Agricultural Economics, 1993, vol. 9, issue 3, 203-214

Abstract: Risk associated with the adoption of new maize technology and the impact of mandatory cotton production on traditional farmers in the Kasai Oriental Region of Zaire are evaluated within a portfolio context using a quadratic programming model. Seasonal net returns for farm plans including four levels of maize technology in combination with staple food crops are evaluated, with and without mandatory cotton production. The results indicate that cropping systems that include new maize technology are risk‐efficient relative to local maize varieties while mandatory cotton production is not risk‐efficient at the prevalent price and yield levels in the farming system.

Date: 1993
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