A presentation of Goldman Sachs analysis: a 5-year outlook on agriculture, livestock and biofuels.
Many governments intervene directly in agricultural product, in particular food, markets. A quantitative assessment of the impact of the policy changes on the desired objectives is important as it helps inform and shape the policy debate on the reform alternatives and increases transparency of government policy. This paper reviews the literature on multi-market models which offer more accurate ex ante impact analysis than single-market models by including potentially important indirect effects. While fairly complex and requiring large amounts of data multi-market models are however much simpler than computable general equilibrium models. They are typically applied at the sector level and have proven quite popular in particular in agricultural policy reform impact analysis. While more recent work has emphasized the poverty reduction and income distribution objective the models can generate a range of information relevant to policy makers. Key Words: Multi-market models, agricultural policy impact analysis.
Market information is essential for agricultural development and to improve food security, particularly for small‐scale producers and traders, who typically have limited access to, and understanding of market information and analysis.
Good market information helps ensure transparency, competitiveness and the more equitable sharing of benefits between market participants. Effective market information systems reduce information asymmetries, increase competitiveness, and improve marketing system efficiencies. For small farmers, this can help strengthen their bargaining position and improve their understanding of marketing opportunities and options. For traders, market information can help identify producers and others traders, expand their business and bargain more efficiently. Good market information is also an essential ingredient for governments to take appropriate policy decisions in support of agricultural growth and enhanced food security.
The NES is a plan of action aimed at achieving the transformation of Dominica‟s export sector. Through this programme, the sector hopes to double its contribution to national income within the medium term, that is, from 2010 to 2014.
The strategy seeks to: