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A new approach for cost-benefit analysis of innovations to enhance smallholder farmers' resilience

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Title A new approach for cost-benefit analysis of innovations to enhance smallholder farmers' resilience
 
Creator Kramer, Berber
Timu, Anne G
 
Subject climate
agriculture
climate-smart agriculture
smallholders
farmers
 
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.
 
Date 2022-12
2023-01-13T01:47:54Z
2023-01-13T01:47:54Z
 
Type Working Paper
 
Identifier Kramer B, Timu Anne. 2022. A new approach for cost-benefit analysis of innovations to enhance smallholder farmers' resilience. AICCRA Working Paper No.6. Accelerating Impacts of CGIAR Climate Research for Africa (AICCRA).
https://hdl.handle.net/10568/127024
 
Language en
 
Relation AICCRA Working Paper
 
Rights Other
Open Access
 
Format 36 p.
application/pdf
 
Publisher Accelerating Impacts of CGIAR Climate Research for Africa