BACKGROUND: Food price volatility poses widespread risks, from farmers to consumers, notably in developing countries. Because of its devastating effects on sustainable farming and food security, particularly for the poor, it continues to be a crucial policy priority. Governments have applied various methods of stabilizing domestic food prices including publicly held buffer stocks, import and export tariffs and production supports. This study evaluates Ghana’s agricultural output price stabilization policy implemented in the context of the National Buffer Stock Program. RESULTS: Based on data from the Ministry of Food and Agriculture, we apply the coefficient of variation and the corrected coefficient of variation to analyze the volatility of output prices of maize and rice. The results show that the price volatility of maize and rice has declined in the markets where the policy has been implemented but not in the non-policy markets. CONCLUSION: There is, therefore, empirical evidence that the policy has been successful.
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Agriculture & food security
卷
7
期
1
页码
69
- 69
ISSN
2048-7010
出版者
Elsevier Ltd
其它主题
Issues and policy; Corn
语言
英语
类型
Text; Journal Article
2024-02-28
MODS