A number of studies suggest the risk preference of low income individuals can result in behaviour that create conditions of sub optimal investment and thus persistent poverty. In this paper, we carry out a study with small-scale farmers in the Matzikama Municipality of the Western Cape, South Africa. We investigate how risk preference affect technology investment amongst small-scale farmers in developing countries.
This article investigates the competitiveness of the South African wheat industry and compares it to its major trade partners. Since 1997, the wheat-to-bread value chain has been characterised by concentration of ownership and regulation. This led to concerns that the local wheat market is losing international competitiveness. The competitive status of the wheat industry, and its sub-sectors, is determined through the estimation of the relative trade advantage (RTA). The results revealed declining competitiveness of local wheat producers.
In this paper, we explored the role of wildlife in adaptation to climate change in areas predominantly used for livestock production in South Africa. Using a sample of 1071 wildlife and livestock farms we estimated a multinomial choice model of various adaptation options including livestock and wildlife farming choices. The results indicate that mixed livestock-wildlife farms are less vulnerable to climate change when compared to specialized livestock or wildlife farms.