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The farm decision role of price information from commodity exchanges: an ex-ante evaluation using quasi-rational price expectations in Ethiopia

Kindie Getnet, Wim Verbeke UGent, Marijke D'Haese UGent, Jacques Viaene UGent and Luc D'Haese UGent (2011) AFRICAN JOURNAL OF AGRICULTURAL RESEARCH. 6(15). p.3610-3618
abstract
Farmers use different information to predict future returns upon which they base current decisions. In designing information systems, knowledge about the information set used by farmers is relevant to have insight into the necessary information that should be made available for farmers. Using quasirational forecasting regression analysis to represent producer price expectation formation, the usefulness of disseminating real time information about the central wholesale prices discovered by the Ethiopian commodity exchange was tested. The results showed that the information about central wholesale prices can help farmers to make unbiased price forecasts. Effective dissemination of real time price information discovered through the Ethiopian commodity exchange was fully supported by the empirical insights from this study.
Please use this url to cite or link to this publication:
author
organization
year
type
journalArticle (original)
publication status
published
subject
keyword
prices, Market information, quasi-rational expectation, smallholders, Ethiopia, MARKET INTEGRATION, LIBERALIZATION, OPPORTUNITIES, AFRICA, CHALLENGES, MODELS, MALAWI, POLICY, KENYA, GHANA
journal title
AFRICAN JOURNAL OF AGRICULTURAL RESEARCH
Afr. J. Agric. Res.
volume
6
issue
15
pages
3610 - 3618
Web of Science type
Article
Web of Science id
000298783500027
ISSN
1991-637X
language
English
UGent publication?
yes
classification
A1
copyright statement
I have transferred the copyright for this publication to the publisher
id
1987374
handle
http://hdl.handle.net/1854/LU-1987374
date created
2012-01-16 14:57:31
date last changed
2015-06-17 09:54:06
@article{1987374,
  abstract     = {Farmers use different information to predict future returns upon which they base current decisions. In designing information systems, knowledge about the information set used by farmers is relevant to have insight into the necessary information that should be made available for farmers. Using quasirational forecasting regression analysis to represent producer price expectation formation, the usefulness of disseminating real time information about the central wholesale prices discovered by the Ethiopian commodity exchange was tested. The results showed that the information about central wholesale prices can help farmers to make unbiased price forecasts. Effective dissemination of real time price information discovered through the Ethiopian commodity exchange was fully supported by the empirical insights from this study.},
  author       = {Getnet, Kindie  and Verbeke, Wim and D'Haese, Marijke and Viaene, Jacques and D'Haese, Luc},
  issn         = {1991-637X},
  journal      = {AFRICAN JOURNAL OF AGRICULTURAL RESEARCH},
  keyword      = {prices,Market information,quasi-rational expectation,smallholders,Ethiopia,MARKET INTEGRATION,LIBERALIZATION,OPPORTUNITIES,AFRICA,CHALLENGES,MODELS,MALAWI,POLICY,KENYA,GHANA},
  language     = {eng},
  number       = {15},
  pages        = {3610--3618},
  title        = {The farm decision role of price information from commodity exchanges: an ex-ante evaluation using quasi-rational price expectations in Ethiopia},
  volume       = {6},
  year         = {2011},
}

Chicago
Getnet, Kindie , Wim Verbeke, Marijke D’Haese, Jacques Viaene, and Luc D’Haese. 2011. “The Farm Decision Role of Price Information from Commodity Exchanges: An Ex-ante Evaluation Using Quasi-rational Price Expectations in Ethiopia.” African Journal of Agricultural Research 6 (15): 3610–3618.
APA
Getnet, K., Verbeke, W., D’Haese, M., Viaene, J., & D’Haese, L. (2011). The farm decision role of price information from commodity exchanges: an ex-ante evaluation using quasi-rational price expectations in Ethiopia. AFRICAN JOURNAL OF AGRICULTURAL RESEARCH, 6(15), 3610–3618.
Vancouver
1.
Getnet K, Verbeke W, D’Haese M, Viaene J, D’Haese L. The farm decision role of price information from commodity exchanges: an ex-ante evaluation using quasi-rational price expectations in Ethiopia. AFRICAN JOURNAL OF AGRICULTURAL RESEARCH. 2011;6(15):3610–8.
MLA
Getnet, Kindie , Wim Verbeke, Marijke D’Haese, et al. “The Farm Decision Role of Price Information from Commodity Exchanges: An Ex-ante Evaluation Using Quasi-rational Price Expectations in Ethiopia.” AFRICAN JOURNAL OF AGRICULTURAL RESEARCH 6.15 (2011): 3610–3618. Print.