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Agricultural Risk Management through Community-Based Wildlife Conservation in Rural Zimbabwe

Edwin Muchapondwa () and Thomas Sterner

No 409, Working Papers in Economics from University of Gothenburg, Department of Economics

Abstract: This paper investigates whether the risk faced by rural farmers in Zimbabwe could poten- tially be managed by using community-based wildlife conservation. Community-based wildlife conservation could be an additional asset in the rural farmers’ investment portfolio thereby potentially diversifying and consequently reducing the risk they face. Such investment could also help e¤orts to conserve wildlife. By making use of national historical data and statistical analysis, this paper …nds that community-based wildlife conservation is a feasible hedge asset for agricultural production in rural Zimbabwe. The bene…ts of diversi…cation into community-based wildlife conservation are likely to be high only in those rural areas that can sustain wildlife pop- ulations su¢cient to generate adequate returns from wildlife activities such as tourism, trophy hunting, live animal sales and meat cropping.

Keywords: CAMPFIRE; diversi…cation; risk management; wildlife conservation; Zimbabwe (search for similar items in EconPapers)
JEL-codes: D81 G11 Q29 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2009-12-03
New Economics Papers: this item is included in nep-afr, nep-agr, nep-env, nep-res and nep-tur
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Published as Muchapondwa, Edwin and Thomas Sterner, 'Agricultural Risk Management through Community-Based Wildlife Conservation in Rural Zimbabwe' in Journal of Agribusiness in Developing and Emerging Economies, 2012, pages 41-56.

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