Welfare and incentive effects of possible changes in the regulatory environment of the maize market in Swaziland - Institutional Constraints to Small Farmer Development in Southern Africa - page 136

Table 7.8. Enterprise budget in SZL for maize production in Swaziland. 1

Private values (SZL) Social values (SZL)

Revenue 1,100 850

Costs
Tradable inputs
• Seed 70 58

• Fertilizer: 2.3.2 (38) + Zn 405 331

• LAN 28% 46 38

• Insecticide: - Decis 29 24

- Malathion 12 10

- Stalk-borer controller 90 74

Total tradable inputs 652 535

Non-tradable inputs
• Labour:

- Weeding 96 133

- Fertilizer application 60 83

- Pest control 36 50

- Reaping and handling 120 166

• Farm machinery: - Dryer fees 18 45

- Tractor hire 150 950

- Sheller hire 300 600

Total non-tradable inputs 780 2,028

Gross margin -332 -1,713

1 Authors' calculations.

Table 7.9. Summary estimates of price effects of maize marketing policies in Swaziland (2004 prices). 1

Revenue Tradable inputs Domestic factors Profits

Private prices 1,100 652 780 -332

Social prices 850 535 2,028 -1,713

Divergences 250 117 -1,247 1,380

1 Authors' calculations; values in SZL.