Poverty Impact of Food Price Shocks and Policies
| Author | : Will Martin |
| Publisher | : |
| Total Pages | : |
| Release | : |
| Genre | : |
| ISBN | : |
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Global Food-Price Shocks and Poor People
| Author | : Marc J. Cohen |
| Publisher | : Routledge |
| Total Pages | : 510 |
| Release | : 2014-06-11 |
| Genre | : Business & Economics |
| ISBN | : 1317979060 |
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This book examines the effects of high and volatile food prices during 2007-08 on low-income farmers and consumers in developing, transition, and industrialized countries. Previous studies of this crisis have mostly used models to estimate the likely impacts. This volume includes actual evidence from the field as to how higher prices affected access to food and farm income among poor people. In addition to country and regional case studies, the book presents discussions of cross-cutting themes, including gender, risk management, violence, the importance of subsistence farming as a coping strategy, and the role of governments and markets in addressing higher prices. With 2011 witnessing an unprecedentedly high level of food prices, the findings and policy recommendations presented here should prove useful to both scholars and policy makers in understanding the causes and consequences, as well as the policies needed to ensure food security in light of the skyrocketing cost of food. This book was published as a special double issue of Development in Practice.
The Impact of Food Price Shocks in Uganda
| Author | : Bjorn Van Campenhout |
| Publisher | : Intl Food Policy Res Inst |
| Total Pages | : 44 |
| Release | : 2013-08-14 |
| Genre | : Social Science |
| ISBN | : |
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In developing countries, all too often policies formulated in response to high food prices are inspired by ideology instead of evidence-based policy research. We look at the immediate effects of these shocks faced by households in Uganda on their poverty and well-being. In addition, we look at the economywide impact in the long run when all markets have settled at a new equilibrium. We find that in the short run, poverty has increased substantially. However, in the longer run, we find welfare levels of rural farm households in particular to rise sharply, primarily as a result of increased returns to farm labor and agricultural land coupled with improved market prices for output sold. These results call for policies that aim to protect the most vulnerable against high food prices and extreme volatility in the short run, without eliminating the incentives of steadily rising commodity prices for longer-run structural agricultural development.
From bad to worse: Poverty impacts of food availability responses to weather shocks in Zambia
| Author | : Koo, Jawoo |
| Publisher | : Intl Food Policy Res Inst |
| Total Pages | : |
| Release | : |
| Genre | : Political Science |
| ISBN | : |
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Since Amartya Sen’s famous work on Poverty and Famines, economists have understood that policy responses to food market shocks should be guided by changes in households’ incomes and access to food, rather than by overall food availability. Perhaps because the household-level impacts are not directly observable, many policy makers have continued to rely on availability-oriented policies such as export bans. In the Zambia case considered in this paper, export bans imposed in response to an El Niño event exacerbated the poverty problems resulting from the output shock. The combination of household-level data and crop models used in this paper allows us to assess the impacts of weather and price shocks at the household level, and hence to evaluate the suitability of availability-based policies for dealing with weather shocks. These analytical techniques are also useful in identifying the households and regions adversely affected by food output shocks, and hence in designing policies to improve poor consumers’ access to food.
Poverty impacts of food price increases in Burkina Faso
| Author | : Minot, Nicholas |
| Publisher | : Intl Food Policy Res Inst |
| Total Pages | : 9 |
| Release | : 2023-09-05 |
| Genre | : Political Science |
| ISBN | : |
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The prices of many agricultural commodities, including many staple grains, started to increase in mid-2020 partly due to supply chain bottlenecks associated with the outbreak of Covid-19. The invasion of Ukraine by Russia in February 2022 caused an additional spike in commodity prices, particularly wheat and maize. This brief estimates the impact of these price increases on poverty in Burkina Faso. It is part of a series of six such briefs that estimate the poverty impact of higher world prices for staple grains. The other briefs cover Kenya, Ethiopia, Niger, Nigeria, and Mali (see Minot and Martin, 2023a and 2023b; Martin and Minot, 2023a, 2023b, and 2023c). We use the same approach in all six country studies. The analysis starts by exploring the effect of the rise in international grain prices on the real price of selected grains in the domestic markets of the country. Next, we estimate the impact of the changes in domestic grain prices on the real income of each household in a nationally representative survey, taking into account the importance of the commodities in consumption and as a source of income for each household. Finally, changes in headcount poverty (the share of people living below the poverty line) are estimated based on the changes in real income for each household in the sample. We focus on the prices of maize, wheat, and sorghum for reasons discussed below. The methods are described in more detail in a method brief.
Food Price Volatility and Its Implications for Food Security and Policy
| Author | : Matthias Kalkuhl |
| Publisher | : Springer |
| Total Pages | : 620 |
| Release | : 2016-04-12 |
| Genre | : Business & Economics |
| ISBN | : 3319282018 |
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This book provides fresh insights into concepts, methods and new research findings on the causes of excessive food price volatility. It also discusses the implications for food security and policy responses to mitigate excessive volatility. The approaches applied by the contributors range from on-the-ground surveys, to panel econometrics and innovative high-frequency time series analysis as well as computational economics methods. It offers policy analysts and decision-makers guidance on dealing with extreme volatility.
Poverty impacts of food price increases in Mali
| Author | : Minot, Nicholas |
| Publisher | : Intl Food Policy Res Inst |
| Total Pages | : 8 |
| Release | : 2023-09-05 |
| Genre | : Political Science |
| ISBN | : |
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Because of low incomes and associated large shares of expenditure on food, Mali is potentially very vulnerable to sharp increases in the prices of key grain staples such as maize and wheat. A first step in understanding the impacts of changes in the prices of these products is to examine developments in their prices on world markets. After a long period of relatively stable prices on world markets, the prices of key food staples began to rise during 2020. This period of price increases, spanning the COVID-19 pandemic and then the price shocks following Russia’s invasion of Ukraine raised serious concerns about the welfare of poor people in countries such as Mali.
Poverty impacts of food price increases in Ethiopia
| Author | : Minot, Nicholas |
| Publisher | : Intl Food Policy Res Inst |
| Total Pages | : 8 |
| Release | : 2023-09-05 |
| Genre | : Political Science |
| ISBN | : |
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After a long period of relatively stable prices on world markets, the prices of key food staples began to rise from around the beginning of 2020. This period of price increases, spanning the Covid-19 pandemic and then the price shocks following Russia’s invasion of Ukraine raised serious concerns about the welfare of poor people in countries such as Ethiopia.
Poverty impacts of food price increases in Niger
| Author | : Minot, Nicholas |
| Publisher | : Intl Food Policy Res Inst |
| Total Pages | : 8 |
| Release | : 2023-09-05 |
| Genre | : Political Science |
| ISBN | : |
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The prices of staple grains began rising in mid-2020, reflecting higher fertilizer prices and the supply chain bottlenecks caused by the outbreak of Covid-19, and increased sharply following the Russian invasion of Ukraine in early 2022. How have these dramatic increases in world prices of cereals affected poverty in low-income countries? This brief estimates the impact of higher world grain prices on poverty in Niger. Other briefs in this series examine the impact of higher food prices on poverty in Kenya, Ethiopia, Nigeria, Burkina Faso, and Mali (see Minot and Martin, 2023a and 2023b; Martin and Minot, 2023a, 2023b, and 2023c). All six studies use a similar approach. First, we examine the effect of the rise in international cereal prices on the real price of key grains in the domestic markets of the country. Second, we estimate the impact of the changes in domestic grain prices on the real income of each household using nationally-representative survey data, taking into account the importance of the commodities in consumption and as a source of income for each household. Finally, we estimate the changes in headcount poverty (the share of people living below the poverty line) based on the changes in real income for each household in the sample. We focus on the prices of maize, wheat, and sorghum for reasons discussed below.
Income Versus Prices: How Does The Business Cycle Affect Food (In)-Security?
| Author | : Mr. Christian Bogmans |
| Publisher | : International Monetary Fund |
| Total Pages | : 40 |
| Release | : 2021-09-24 |
| Genre | : Business & Economics |
| ISBN | : 155775246X |
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We study how two aspects of food insecurity - caloric insufficiency and diet composition - are affected by aggregate economic fluctuations. The use of cross-country panel data allows us to adopt a global prospective on the identification of the macroeconomic determinants of food insecurity. Income shocks are the most relevant driver of food insecurity, displaying high elasticities at the early stages of economic development. The role of food price shocks is more limited. Social protection has a direct effect and mitigates the impact of income shocks. Effects are highly heterogeneous across a range of structural characteristics of the economy, highlighting the role of distributional aspects and of food import dependency.
