To many people, futures trading is a little understood and rather suspicious activity. The word most often associated with this trading is "speculation", the idea being that most of those involved in futures markets are gamblers in a high stakes game seeking profit at the expense of those...

To many people, futures trading is a little understood and rather suspicious activity. The word most often associated with this trading is "speculation", the idea being that most of those involved in futures markets are gamblers in a high stakes game seeking profit at the expense of those...

This paper investigates the determinants of participation and performance of tobacco contract farmers, and the effects of participation on overall crop and household incomes in the Zambezi Valley of Mozambique. We test the existence of threshold effects in land holdings and educational...

This paper traces the trajectories of successful commercial smallholders operating under differing sets of market institutions. Analysis focuses on maize, cotton, and horticulture, three widely marketed crops with strikingly different market institutions. Maize receives intensive government...

This paper presents an ex ante analysis of the private and social profitability of the introduction of Bt cotton for a major cotton producing area of northern Mozambique. Cotton is especially relevant to rural poverty reduction because smallholders often have few alternative cash earning...