| Abstract: | This study examines the forms of market intervention utilized by African governments and analyses their impact on the incentives available to private producers of agricultural products. Export crap producers are adversely affected by the marketing system, the burdens of taxation and of inflated marketing costs, and the overvaluation of domestic currencies. In conjunction with other factors - a.o. occasional drought, political unrest - the major result is that once prosperous export industries have declined severely, as seen in the cases of Nigeria, Senegal, Ghana, and Sudan. Government intervention in the market for food crops has created an adverse economic environment for food production. Governments employ market controls and trade policies that drive down the prices of farmers, resulting in lower production and consumption. Notes, ref. |
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