Assessing Farmers’ and Buyers’ Preferences for Contracts

Click here to check out our events:https://massp.ifpri.info/category/news-and-events/country-office-events-news-and-events/

IFPRI Malawi

Research Seminar: Assessing Farmers’ and Buyers’ Preferences for Contracts – Insights from Cotton and Tea Contract Schemes in Malawi

Join our virtual research seminar via MS Teams <a href="https://teams.microsoft.com/l/meetup-join/19%3ameeting_MTc5N2I3YjYtMTU2OC00MjE1LThiNzEtNmZkZmE0MjRhNjNh%40thread.v2/0?context=%7b%22Tid%22%3a%226afa0e00-fa14-40b7-8a2e-22a7f8c357d5%22%2c%22Oid%22%3a%22305d6bb6-34c7-4ac7-b5ee-63beab30ddb3%22%7d" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">here</a>.

While contract farming provides opportunities to link smallholder farmers to markets, its sustainability depends on how the interests of both farmers and buyers are addressed. Previous studies analyzed farmers’ preferences for contracts, but buyers’ preferences for contracts and design attributes are hardly examined. A recent study by Dennis O. Ochieng from IFPRI-Malawi fills this gap by examining farmers’ and buyers’ preferences for contracts and design attributes using a discrete choice experiment with 505 cotton farmers and 512 tea farmers in southern Malawi. Willingness to pay for improvement of contract attributes is then estimated using a mixed logit model. Results show that both farmers and buyers prefer contract arrangements to open marketing and have similar preferences for many design attributes. However, there are clear differences in preference for payment mode, where farmers prefer spot payments while buyers prefer delayed payments. Further, while both parties desire better quality, there are no standardized grading systems for the two crops in Malawi. Consequently, buyers are skeptical of farmers’ ability to produce quality products while farmers are distrustful of buyers’ grading systems. Even though buyers are open to offer contracts that provide inputs or insurance to farmers, there are no information sharing platforms to guide them in contracting farmers thus exposing buyers to risks of contract default. Sustainable contract schemes require designing contracts that are acceptable to both farmers and buyers by balancing risks between the parties. Successful contract relationships must cultivate mutual trust by developing standardized grading systems and information sharing platforms, supported by stronger contract enforcement mechanisms to mitigate against side-selling. -----------------------------------------------------------------------------

HOW TO REGISTER FOR THIS FREE EVENT (Online ONLY)Eventbrite - Register for this FREE event here: <a href="https://researchseminar19august2020.eventbrite.com" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">https://researchseminar19august2020.eventbrite.com</a>-----------------------------------------------------------------------------ASK QUESTIONSIf you would like to ask a question during the Q/A session of the webinar, please use the &#x27;Raise hand&#x27; option and the moderator will call on you to ask your question directly. Once you are done, please remember to mute your mic and lower your hand. Alternatively, type your question in the chat box. Please mention your full name and affiliation when you submit your question. We will do our best to include your questions during the Q&amp;A. -----------------------------------------------------------------------------

UPCOMING EVENTSClick here to check out our events: <a href="https://massp.ifpri.info/category/news-and-events/country-office-events-news-and-events/" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">https://massp.ifpri.info/category/news-and-events/country-office-events-news-and-events/</a>To be added to our mailing list, click here: <a href="https://massp.ifpri.info/massp-mailing-list/" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">https://massp.ifpri.info/massp-mailing-list/</a>-----------------------------------------------------------------------------

FOLLOW USTwitter: <a href="https://twitter.com/IFPRIMalawi" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">https://twitter.com/IFPRIMalawi</a>

Our {communityGuidelinesLink} describe the sort of content we prohibit on Eventbrite. If you suspect an event may be in violation, you can report it to us so we can investigate.

To report other categories of prohibited or illegal content, submit {link}

Assessing Farmers’ and Buyers’ Preferences for Contracts

More events from IFPRI Malawi

Follow organizers to get events picked for you

Still looking for the right event?

Explore all online events to browse and filter by date, category, and more.

Assessing Farmers’ and Buyers’ Preferences for Contracts

More events from IFPRI Malawi

Follow organizers to get events picked for you

You might also like...

Sign-In for personalized recommendations

Still looking for the right event?

Explore all online events to browse and filter by date, category, and more.