Opinion & Analysis
African mass markets provide better solutions to opportunity costs
NewsDay Staff ·

IF there were no mass markets, most African farmers would not be able to benefit from the seasonal nature of most production practices.
Smallholder grain producers often ask themselves questions like: Which is better earning US$240 from a tonne of oil seeds in the mass markets immediately and using that income to invest in seasonal horticulture or wait for more than three months to be paid US$500 a tonne?
Being awake to the danger of missing opportunities for re-investing in their enterprises if they wait for a payment that comes through formal channels like banks after several months, most smallholder farmers would rather get less cash immediately and reinvest in other low hanging opportunities.
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