Farmers' Subjective Valuation of Subsistence Crops: The Case of Traditional Maize in Mexico

Posted: 8 Oct 2009

See all articles by Aslihan Arslan

Aslihan Arslan

FAO of the UN (ESA); UC Davis - Agricultural and Resource Economics; Kiel Institute for the World Economy

J. Edward Taylor

University of California, Davis - Department of Agricultural and Resource Economics

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Abstract

Shadow prices guide farmers' resource allocations, but for subsistence farmers who grow traditional crops they may bear little relationship with market prices. We theoretically derive shadow prices for a subsistence crop with nonmarket value, then estimate shadow prices of maize using data from a nationally representative survey of rural households in Mexico. Shadow prices are significantly higher than market prices for traditional but not improved maize varieties. They are particularly high in the indigenous areas of southern and southeastern Mexico, indicating large de facto incentives to maintain traditional varieties there.

Suggested Citation

Arslan, Aslihan and Taylor, J. Edward, Farmers' Subjective Valuation of Subsistence Crops: The Case of Traditional Maize in Mexico. American Journal of Agricultural Economics, Vol. 91, No. 4, pp. 956-972, November 2009, Available at SSRN: https://ssrn.com/abstract=1483986 or http://dx.doi.org/10.1111/j.1467-8276.2009.01323.x

Aslihan Arslan (Contact Author)

FAO of the UN (ESA) ( email )

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UC Davis - Agricultural and Resource Economics ( email )

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J. Edward Taylor

University of California, Davis - Department of Agricultural and Resource Economics ( email )

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