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A new approach for cost-benefit analysis of innovations to enhance smallholder farmers' resilience
| Content Provider | Consultative Group on International Agricultural Research (CGIAR) |
|---|---|
| Author | Kramer, Berber Timu, Anne G |
| Description | Enhancing smallholder farmers’ resilience has become an important objective for innovations in agricultural development. Cost-benefit analyses (CBA) of such innovations are essential in guiding future investments in agricultural development, but existing CBA methods often face challenges embedding non-monetary outcomes related to resilience. Resilience-enhancing innovations typically not only increase average incomes, but may also affect the variance of that income, and related welfare benefits depend on a beneficiary’s risk preferences. In addition, CBAs are typically unable to quantify costs and benefits in terms of gender-related outcomes such as women’s empowerment, or time use for women and men. This paper introduces a new approach to quantify costs and benefits related to such outcomes and demonstrates the approach using a case study of climate information services in Ghana. We argue that this is a more comprehensive method for impact assessment of innovations to enhance smallholder farmers’ resilience, enabling evidence-based investment prioritization. |
| Sponsorship | World Bank |
| Related Links | https://cgspace.cgiar.org/items/79f23e07-a7ed-44be-9f2f-5857c7630a51 |
| File Format | |
| Language | English |
| Publisher | Accelerating Impacts of CGIAR Climate Research for Africa |
| Access Restriction | Open |
| Subject Keyword | Climate Agriculture Climate-smart Agriculture Smallholders Farmers |
| Content Type | Text |
| Resource Type | Article |
| Subject | Agronomy and Crop Science Food Science Plant Science |
