Agriculture Reference
In-Depth Information
2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25
-148
-211
-292
-396
-527
-691
-893
-1,143
-1,448
-1,820
-2,270
-2,814
553
1,237
2,079
3,109
4,366
5,897
7,757
10,012
12,742
16,044
20,033
24,847
1.08
1.10
1.13
1.15
1.18
1.21
1.24
1.28
1.32
1.36
1.40
1.44
0.83
0.69
0.57
0.48
0.41
0.34
0.29
0.25
0.21
0.18
0.15
0.13
0.70
0.65
0.59
0.54
0.50
0.46
0.42
0.38
0.35
0.32
0.29
0.27
1.22
1.22
1.22
1.22
1.22
1.22
1.22
1.22
1.22
1.22
1.22
1.22
-0.27
-0.17
-0.14
-0.13
-0.12
-0.12
-0.12
-0.11
-0.11
-0.11
-0.11
-0.11
0.57
0.52
0.47
0.43
0.40
0.37
0.34
0.31
0.28
0.26
0.24
0.22
-0.17
-0.30
-0.41
-0.50
-0.59
-0.66
-0.72
-0.77
-0.82
-0.86
-0.89
-0.92
7.00
PCR
DRC
NPCO
NPCI
EPC
SRP
6.00
5.00
4.00
3.00
2.00
1.00
0.00
-1.00
-2.00
Figure 7.4. Projected PCR, DRC, NPCO, NPCI, EPC, and SRP for the period 2004-2025.
7.4 Summary, conclusions and way forward for Swaziland's maize industry
The welfare effects are defined as the amounts of money that the producers win, consumers
lose, government collects as revenue and the whole society loses due to the increase in prices
that reduces the demand - deadweight loss (Varblane
et al.
, 2002). In this chapter, the results
of an assessment of welfare effects of maize marketing policy in Swaziland were presented
for six marketing seasons (1998/99 to 2003/04). In terms of the incentive effects, the key
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