-
Africa RISING technologies offer Ghana farmers opportunity to earn three times more
September 30, 2015 Editor 0
Results from an indicative cost-benefit-analysis of use of Africa RISING technologies in northern Ghana show that farmers are getting more economic returns from adopting the project’s technologies.
For instance, the mean benefit-cost ratio (BCR) for the technologies is 4.2 indicating that the farmers earned three times more (300%), over and above their total expenditures when using technologies by Africa RISING.
The results also show that the mean returns to labour when a farmer adopts these technologies is GHC 49.1 (USD 12.4)/person day compared to the average daily wage rate of GHC 5.4 /per day in the project research zones. This means that Africa RISING technologies on average can generate a daily net return to labour nine times greater than what a farmer can earn in a day if they are involved in casual work in the project intervention areas.
Crop diversification technologies, soil fertility management and pest management practices were some of the technology categories reviewed during the cost benefit analysis. It appears that crop diversification technologies are of higher returns than the other two categories.
Furthermore the analysis showed that profits are more sensitive to changes in output prices than to changes in input prices and wages. This implies that that the adoption of the technologies is most affected by policy interventions that affect output prices.
Related Posts
A better way to deliver innovation to the world
West Africa: West African Science Too Reliant On Foreign Cooperation
- UGA researchers develop rapid diagnostic test for pathogens, contaminants
Stop Thinking Outside the Box
Prize will expand use of life-saving neonatal device in Africa
The Eight Cs of Transformational Change
Categories: Agriculture
DevOps for Finance The Four Key Capacities to Successfully Engage Employees in the Innovation Process
Subscribe to our stories
Recent Posts
- Entrepreneurial Alertness, Innovation Modes, And Business Models in Small- And Medium-Sized Enterprises December 30, 2021
- The Strategic Role of Design in Driving Digital Innovation June 10, 2021
- Correction to: Hybrid mosquitoes? Evidence from rural Tanzania on how local communities conceptualize and respond to modified mosquitoes as a tool for malaria control June 10, 2021
- BRIEF FOCUS: Optimal spacing for groundnuts in smallholder farming systems June 9, 2021
- COVID-19 pandemic: impacts on the achievements of Sustainable Development Goals in Africa June 9, 2021
Categories
Archives
Popular Post-All time
- A review on biomass-based... 1k views
- Apply Now: $500,000 for Y... 836 views
- Can blockchain disrupt ge... 817 views
- Test Your Value Propositi... 782 views
- Prize-winning projects pr... 744 views