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Quantifying the Economic Impact on Farmers from Agricultural Machinery: A Case Study of Farmers in Sudan.
- Source :
- World (2673-4060); Jun2023, Vol. 4 Issue 2, p347-359, 13p
- Publication Year :
- 2023
-
Abstract
- The adoption of agricultural technologies in developing economy countries has the potential to reduce poverty through sustainable intensification. Mechanized farming can also improve perceptions of farming and mitigate rural out-migration. However, many traditional farmers do not have access to machinery and/or machinery is cost prohibitive. The objective of this paper is to quantify how the use of machinery affects costs, revenue, net-profits, and returns on investment for a case study of farmers in Sudan, Africa. A treatment control study (N = 36) was performed across the 2019 (baseline), 2020, and 2021 farming seasons, where the treatment group was provided tractors. ANOVAs and t-tests were used to compare financial values between these groups across the farming seasons, to quantify economic differences associated with farming machinery. We show that all farmers had similar net-profits when farming without machinery, while mechanized farming yielded significantly higher net-profits (USD 16.61/acre more in 2020, USD 27.10/acre more in 2021). Our study also finds that the volatility of the black-market exchange rate and labor shortages have a significant impact on farming net-profits. These results provide a quantified difference between farming with and without machinery, which can provide a financial basis for purchasing and borrowing models, machinery design requirements, and educational value to farmers. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 26734060
- Volume :
- 4
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- World (2673-4060)
- Publication Type :
- Academic Journal
- Accession number :
- 164676010
- Full Text :
- https://doi.org/10.3390/world4020022