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Periodical article | Leiden University 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. |