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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Economic and Financial Evaluation of Liberia's Lofa Agricultural Development Project
Author:Binnendijk, Annette L.
Year:1985
Periodical:Rural Africana
Volume:22
Period:Spring
Pages:25-62
Language:English
Geographic term:Liberia
Subjects:agricultural projects
Economics and Trade
Agriculture, Natural Resources and the Environment
Development and Technology
Abstract:The Lofa County Agricultural Development Project (LCADP) (1977-1981) is evaluated in terms of its three major economic objectives: to redistribute income by increasing the agricultural productivity and thus the net income of small farmers; to increase gross national production by improving efficiency in the agricultural sector; and to increase import substitution for Monrovia consumption through expansion of domestic rice production. After providing the context and assumptions for the financial and economic analyses, the author estimates the net financial benefits to the participant small farmers and discusses the resulting income distribution implications; evaluates the economic (efficiency) impact of the Lofa project from the national viewpoint via costbenefit analysis; assesses the progress of the Lofa project in attaining national self-sufficiency in rice production and examines the economic efficiency of this objective; and summarises the economic evaluation results, drawing implications for future directions for development projects and policy in Liberia's agricultural sector. Notes.
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