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...

Replaced with revised version of paper 07/26/07.

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 provides a micro-level foundation for discussions of income and asset allocation within the smallholder sector in Eastern and Southern Africa, and explores the implications of these findings for rural growth and poverty alleviation strategies in the region. Results are drawn from...