Agricultural Risk Management through Community-Based Wildlife Conservation in Rural Zimbabwe
Edwin Muchapondwa () and
No 409, Working Papers in Economics from University of Gothenburg, Department of Economics
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
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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Working Paper: Agricultural Risk Management through Community-Based Wildlife Conservation in Rural Zimbabwe (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:gunwpe:0409
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