Property finance in the UK in the post‐war period

Summary

This paper is intended to introduce readers to the subject of property finance and to provide a review of post‐war trends in property finance and investment. In particular, it considers the growth and influence of institutional investment. The property ‘myth’ is examined in the light of recent analysis of the rental performance of commercial and industrial property, and the obsolescence of buildings.     

Implementation of the forest expansion policy in the Netherlands in the period 1986–2007: Decline in success?

The current study explains why Dutch forest expansion policy is at risk of failure. To study the forest expansion implementation process we have chosen to further operationalize Matland's policy type implementation model to an extended and comprehensive typology of relevant implementation characteristics. In addition, a case study methodology with mixed-method design was used to collect and analyze the data. The Dutch forest expansion policy is currently an example of symbolic implementation. The symbolic implementation is a consequence of the absence of central guidance, the legislative complexity, the low policy stability, the lack of supporting conditions for policy innovation, the lack of regulatory responsiveness and the latent policy at state level and in many provinces. Nevertheless, the transferable development rights method of the province of Limburg is a promising innovation and forest expansion still happens, which is mainly the result of a good internal and external communication, an effective actor network of forest expansion advocates and the willingness to realize negotiated project aims that lead to a win–win situation for all actors involved. Nonetheless, it is expected that the forest expansion targets will be not reached, unless most of the above shortcomings are solved.     

Is there a slowdown in agricultural productivity growth in South America?

This article estimates agricultural productivity growth in 10 South American countries in 1969–2009 with the objective of investigating if the slowdown being measured in other countries is present in the region. Results show that productivity growth accounts for half of the three‐fold increase in agricultural output during this period and that performance is sensitive to R&D investments in the sector. The slowdown found for the 1990s to 2000s in the U.S. and some European economies does not seem to be present yet in South America. The region's total factor productivity (TFP) growth rate increased steadily from 1.07% during the 1970s to 2.29% during the 2000s. Given lags in adoption and the adaptive nature of innovations in these economies, we have yet to see the potential effects in South American agriculture of decreases in R&D in advanced economies.     

Cashing in or driving development? Cross-border traders and maize contract farming in northeast Laos

Contract farming is receiving renewed attention in research and policy in the Mekong region of Southeast Asia, as countries continue to undergo varied agrarian transitions and agri-food production has become increasingly regionalized. In northeast Laos, previously isolated upland communities have experienced rapid transformations resulting from contract production of hybrid maize, mainly for industrial feed processing and livestock in Vietnam. Based on extensive qualitative fieldwork in the Lao-Vietnamese borderlands, this article explores the quasi-“developmental” functions assumed by cross-border traders, in the context of unfulfilled rural policy objectives, in which these “micro-investors” provide informal extension and infrastructure to enable agricultural commercialization. The article examines the extent to which this dynamic is adequately captured by notions of patronage, or whether subtle mutual dependencies are at work, as livelihoods are rebalanced between subsistence and commodity crops in remote border landscapes.     

The introduction of Entry Level Stewardship in England: Extension or dilution in agri-environment policy?

Agri-environment schemes were introduced in the mid-1980s. Their primary objectives have developed from initially aiming to hold back intensification towards stimulating environmental enhancement. The introduction of Entry Level Stewardship (ELS) in England represents a third stage in seeking to extend the coverage of schemes across the majority of agricultural land. This aims to influence land use along the whole of the intensive margin. The ELS offers a wide range of options for which farmers are awarded points. Selection of options equivalent to 30 points per ha in lowland areas entitles farmers to a payment of £30 per ha. By September 2007, 4.4 million ha had been entered into the scheme, equivalent to 47% of the agricultural area. From amongst the options on offer, 34% of points were for boundary options, 20% for intensive grass options, 16% for management plans and 13% for options taking arable land out of production. The choice of options varies across the country with a higher proportion of the agricultural area entered in the East. Entry into the scheme is associated with total agricultural area, cereals farming, larger farms, a lower proportion of area in Environmentally Sensitive Area and Countryside Stewardship schemes and grazing livestock numbers. While the ELS has introduced a large number of new entrants into agri-environment schemes, the extent of the environmental impact is uncertain. Given the large number of options available, it is likely that farmers will have chosen options that involve relatively little change and incur limited cost. At the same time, it would be surprising if the environmental gains were of the types most valued within local areas. The ELS approach implies that public goods provided from agricultural land should be paid for irrespective of what would have happened in the absence of the scheme. While this may be a fairer approach, it may also undermine the idea of land stewardship and imply that payments will continue to be required in the long term in order to sustain provision. The ELS does establish a framework within which incentives could be targeted to deliver specific benefits within particular contexts and suggestions are made as to how policy might be developed for this.     

From researcher to farmer: partnerships in integrated aquaculture—agriculture systems in Malawi and Cameroon

The potential for integrating aquaculture with agriculture has been widely recognized as a means of improving the use of inputs, diversifying output and economic opportunity, and enabling smallholder producers to maintain and strengthen livelihoods. This paper describes the outcomes of this approach and explains the extent to which it has been taken up and has led to sustained and self-generated capacity. Based in particular on experience in Malawi, Ghana and Cameroon, it also considers implications more widely in the region. The overall picture is that this is a partial and still emerging success story, linked as much with the social and economic drivers surrounding smallholder farmers as with the development support approach adopted.     

Spatial–temporal changes in grain input–output and the driving mechanism in China since 1985

Based on Chinese county-level statistic data, this paper reveals spatial–temporal distribution and changing of grain production, by studying gravity centres of grain input–output regions in China from 1985 to 2009. According to the grain output, per-capita grain consumption, and population, the surplus grain of 2864 counties from 1985 to 2009 was calculated. And the counties with surplus grain value greater than zero and smaller than zero were respectively defined as grain input regions and grain output regions; they were respectively analysed by using the model of grain gravity centre. We found that there are four periods of spatial–temporal changing of gravity centres in grain input regions, and five periods in all output regions. According to the moving path of the gravity centres of input–output regions, 1990 was the turning point of completely entering into ‘grain supply from north to south period’. Spatial–temporal changing of grain-sown area and the arable land was the main driving mechanism for the shift in grain input–output gravity centres. The change of spatial pattern of grain production influenced sustainability of grain production from three impacts. And two policy suggestions are put forward to promote the sustainability of grain production.

HIGHLIGHTS

Use the method of gravity centres to research the spatial–temporal changing of surplus grain from 1985 to 2009 in China.

Analyse the spatial–temporal changing and the driving mechanism of gravity centres of grain input–output from 1985 to 2009 in China.

1990 was identified as the turning point of completely entering into ‘grain supply from north to south period’.

Summarize the impact of the changes of spatial pattern of grain production on the sustainability of grain production and put forward two proposals.     

Land-use change in the ‘edgelands’: Policies and pressures in London's rural–urban fringe

Green Belt policies have helped to create chaotic landscapes at the rural–urban interfaces of the United Kingdom's largest cities. Their prime functions, to control urban sprawl and preserve an encircling green girdle to separate the urban from the open countryside, have created ‘edgelands’ that have been remarkably dynamic despite relatively strong controls on certain types of development. A detailed case study of one part of London's Metropolitan Green Belt, drawing upon analysis of planning registers, reveals long-term trends in land-use change linked to the development controls operated within the context of the Green Belt and the adjacent built-up area. This paper also outlines the history of the Green Belt policy in the United Kingdom (UK) and discusses recently proposed policy changes that have provoked ongoing debate about this form of control on urban sprawl and its consequences for the land use of Green Belts and the edgelands.     

Tempest in the Andes? Part 2: Peasant Organization and Development Agencies in Cotopaxi (Ecuador)

This paper, published in two parts, is an analysis of the links between the ‘agrarian question’ in the Ecuadorian Andes and the creation of a network of indigenous‐peasant organizations that became the backbone of the national indigenous movement. I explore the relations between agrarian change and social change, drawing on a monographic study carried out in Cotopaxi Province, in the central sierra of Ecuador, from the 1960s to the beginning of the twenty‐first century. In the first part, I emphasized how the transformations unleashed by the crisis of the hacienda regime marked a rupture that consolidated the dense organizational scaffolding in the rural milieu. In this second part, I examine how development agencies, especially non‐governmental organizations (NGOs), played a fundamental role in strengthening those structures (1980s and 1990s). The history of the Union of Peasant Organizations of Northern Cotopaxi (UNOCANC) is one such example: born from the struggle for haciendas, inputs from the development apparatus enabled the rise of local elites who turned the organization into one of the most militant in the country. In this paper, I draw attention to aspects seldom mentioned in the specialized bibliography, namely a detailed study of how peasant differentiation, the origins of which lay in hacienda hierarchies, and which was upheld in turn by the agrarian distribution, was accelerated by the actions of NGOs, which continued to favour those indigenous peasants with more power and economic resources. Thus, divergences were consolidated and internal fissures opened up in organizations that are at the root of the crisis of representation experienced by ethnic platforms in the Ecuadorian Andes today.     

Will cotton make a comeback in Mali?

With the decline of cotton especially in the marginal cotton areas, farmers have been using more of the cotton‐financed inputs on the cereals. The cotton para‐statal company (CMDT) has made a virtue out of this recommending diversification for these regions. Following the world price spike in 2010, the Malian government responded with a substantial price increase for cotton in 2011 of 38% to rejuvenate the Malian sector. This article looks at the impact of this price policy in the cotton economy and the potential of new cereal technology and marketing strategy to raise incomes and facilitate the diversification. Given the importance of the marketing decision of selling later after the recovery of cereal prices from the harvest collapse, a discrete stochastic programming model was developed for three‐stage decision making. Then, the recent changes in the cotton economy and government fertilizer subsidies were analyzed along with the introduction of the new technology marketing of sorghum. Cotton and maize continue to dominate the economy but the combined sorghum technology marketing increases farmers’ incomes by 16% to 21% and eases the return to normal cotton prices, after the 2011 price spike, as well as the removal of the fertilizer subsidies.     

不仅要Made in China,还要Cultured in China——访上海证大投资集团董事长戴志康

穿一身深蓝色中衫的戴志康从满是古董和艺术品的办公室徐徐走出,回答记者的第一句话就是我是文化艺术产业的支持者,我不是单纯的艺术收藏者。进入证大投资集团的办公室,一出电梯门就看见金光灿灿的一张小桌子,围拢起来的椅子全是由开会的人型变形而成的。     

How poor are women in rural India?

The assessment of poor women in India as dependent and exploited regardless of poverty focused strategies is reflected in this review of relevant literature. The scholarly approaches to the problems of poor women involve redirection and expansion of resources to women (increase bank credit) through policy and institutional changes, and involve improving women's welfare through changes in class and gender hierarchies; both pertain to restructuring power groups. A little ascribed to belief is that the organization of women's numbers will empower women; the constraints are stated. There is also some argument over whether to design women-specific programs or integrate women into existing programs; some examples are given of successes and difficulties. The regionalization of poverty in eastern and central India is discussed. The growth of the poor has been among the landless, wage-dependent households. 9.6% of households (7.5 million) are headed by women. Women work fewer hours and at lower wage scales and have fewer employment opportunities. Lower earnings are coupled with differentials in demand for female and male labor in agriculture and a crowded labor market. There is a concentration of women in less visible, nonmonetary subsistence production and domestic work. Women are undercounted in employment studies. Women predominate in agricultural activity. Women's status is influenced by economic status, caste, and ethnic background. Domestic work increases status for women and households. The poorer households have greater labor force participation, particularly as wage laborers rather than unpaid family workers. Regional factors affecting rural household strategies are factors affecting the economy (topography, rainfall, climate) and the degree of development, plus sociocultural variables (kinship and religious beliefs which affect the social domain of women), and the degree of dependence on hired vs. family labor. There are sharp contrasts in the value and survival of women regionally. Female labor force participation is low in all regions; the nature and distribution of agricultural laborers is discussed followed by examples from 3 different regions (east, south, and north). The gender inequalities in access to basic needs are reviewed for sex ratio, mortality, and nutrition, and education. The preference is for gender-based policies targeting women.     

Is Input Mix Inefficiency Neglected in Agriculture? A Case Study of Pig‐based Farming Systems in England and Wales

The principal concern of this article is the relative importance of input mix as a source of inefficiency. Emphasis in efficiency analysis studies in agricultural production has historically focused on technical inefficiency as a single concept until methodological advances enabled it to be decomposed into pure technical inefficiency and scale inefficiency. But, this advance was insufficient to identify what we consider to be the major source of inefficiency in agricultural production, namely mix inefficiency. We consider that farm enterprises may be particularly susceptible to input mix inefficiency because of restrictions on movement around the frontier isoquant; delays in the adoption of improved technologies embodied in new vintages of production processes; risk as a source of friction in input allocation decisions; and the potential for inconsistency in simultaneously attempting to reach points of allocative efficiency and mix efficiency in input use. We use non‐parametric methods to calculate a Hicks–Moorsteen productivity index using panel data for a sample of specialised pig producers in England and Wales. This index is then decomposed into measures of technology, technical efficiency, scale efficiency and mix efficiency for an input orientation. Results of the analysis show that the estimated mean mix inefficiency (0.736) was substantially larger than mean technical inefficiency (0.975) and mean scale inefficiency (0.957) over the study period.     

Climate Smart Agriculture? Assessing the Adaptation Implications in Zambia

We examine a set of potentially climate smart agricultural practices, including reduced tillage, crop rotation and legume intercropping, combined with the use of improved seeds and inorganic fertiliser, for their effects on maize yields in Zambia. We use panel data from the Rural Incomes and Livelihoods Surveys merged with a novel set of climatic variables based on geo‐referenced historical rainfall and temperature data to explore the changing effects of these practices with climatic conditions. We estimate the impacts on maize yields, and also on the exhibition of very low yields and yield shortfalls from average levels, as indicators of resilience, while controlling for household characteristics. We find that minimum soil disturbance and crop rotation have no significant impact on these yield outcomes, but that legume intercropping significantly increases yields and reduces the probability of low yields even under critical weather stress during the growing season. We also find that the average positive impacts of modern input use (seeds and fertilisers) are significantly conditioned by climatic variables. Timely access to fertiliser emerges as one of the most robust determinants of yields and their resilience. These results have policy implications for targeted interventions to improve the productivity and the resilience of smallholder agriculture in Zambia in the face of climate change.     

Do Farmers Internalise Environmental Spillovers of Pesticides in Production?

Pesticides are used in agriculture to protect crops from pests and diseases, with indiscriminate pesticide use having several adverse effects on the environment and human health. An important question is whether the environmental spillovers of pesticides also affect the farmers’ production environment. We use a model of optimal pesticide use that explicitly incorporates the symmetric and asymmetric effect of pesticides’ environmental spillovers on crop production. The application focuses on panel data from Dutch cash crop producers. We show that pesticides have a positive direct impact on output and a negative indirect impact through their effects on the production environment.     

Food first! Theorising assets and actors in agroforestry: risk evaders,opportunity seekers and ‘the food imperative’ in sub-Saharan Africa

Despite widely recognised and well-established benefits, it is difficult to adopt the multifunctional activity of agroforestry into the landscape and lifeworld of small-scale agriculture, if poverty, itself a main reason for adopting agroforestry, stands in its way. Based on participant observations and interviews with small-scale farmers in western Kenya, we explore and theorise agroforestry adoption as a process of socio-ecological and socio-technological change. Proceeding from sustainability science and a modified livelihoods approach we use grounded theory in ‘narrative walks’ to analyse adoption and non-adoption of agroforestry in a setting where farmers continuously interpret, adjust to and invest in their environment. Given the diversity and complexity of such livelihoods, the analysis is structured around reproductive and productive chains, strategies and practices defined by uncertainty and risk, and conflicting interests. Findings indicate that food secure farmers may act as entrepreneurially inclined ‘opportunity seekers’ and venture into agroforestry, whereas the ‘food imperative’(alongside the ‘health imperative’) makes it more difficult for agroforestry to take root among the ‘poorest of the poor’ who act as ‘risk evaders’. Hence, agroforestry adoption must be understood within an integrated human–environment frame recognising the socio-ecological relations of technology adoption and the wider political aspects and power structures of food security.     

Soil and water conservation technologies: a buffer against production risk in the face of climate change? Insights from the Nile basin in Ethiopia

This study investigates the impact of different soil and water conservation (SWC) technologies on the variance of crop production in Ethiopia to determine the risk implications of the different technologies in different regions and rainfall zones. Given the production risks posed by climate change, such information can be used by decision makers to identify appropriate agricultural practices that act as a buffer against climate change. Results show that SWC investments perform differently in different rainfall areas and regions of Ethiopia and that the effectiveness of technologies such as irrigation, fertilizer, and improved seeds often depends on whether these investments are coupled with SWC measures. These results underscore the importance of the selection of appropriate combinations of technologies and careful geographical targeting when promoting and scaling up SWC technologies for adaptation to climate change.     

Vietnamese Consumers’ Willingness to Pay for Safe Pork in Hanoi

Abstract

Food safety is one of the main concerns and the biggest challenge for consumers due to its direct influence on human health. In order to deal with unsafe food situation, the demand for food hygiene has increased in recent years as well as the consequent increase in price accepted by consumers. This study aimed to estimate consumers’ willingness to pay (WTP) and to examine the determining factors influencing their WTP for safe pork using double-bounded dichotomous choice contingent valuation method (DBDC CVM). The data were collected from a survey with a sample size of 134 respondents in Hanoi, Vietnam using two sets of questionnaires on the consumption of rib and shoulder of pork. The results revealed that the percentages of the consumers willing to pay a premium for more hygiene shoulder and rib of pork were 81.75% and 73.01%, respectively. The mean WTP was 129,000 VND (US$6.07) for both safe shoulder and rib, 48.7% and 37.8% higher than the regular market price, respectively. The results showed that consumers’ awareness of the risk of unhealthy pork, household income and expenditure were the positive determinants to WTP; meanwhile, the amount of pork consumption per month negatively affected the willingness to pay more for shoulder and rib of pork.     

Will China Become a Major Force in World Food Markets?

From the perspective of China's trading partners, few policy issues are as important as China's emergence onto world agricultural markets. In this essay, we argue that if China is to become a modern developed country, a massive structural transformation of China's agricultural sector must occur. We offer a forward-looking vision of China's food economy and its links with the world in the 21st century. We believe that gains from specialization when China moves to a country with specialized family farms will be huge compared to the returns that have resulted from decollectivization. Following a structural revolution in China's agricultural sector, China will become a major force in world food markets. This transformation will be characterized by land reform, a massive shift of labor out of agriculture, expanded farm size, a significant change in regional cropping patterns, more interprovincial trade, and greater international trade. This structural transformation will occur as long as there is strong economic and political pressure to raise agricultural labor productivity, liberalize markets, boost the rule of law, and increase per capita farm incomes relative to urban incomes.     

Does Agriculture Really Matter for Economic Growth in Developing Countries?

This paper revisits the debate on the role of agriculture in promoting economic growth in a selection of nine developing countries. We investigated the causal linkages between agriculture and gross domestic product growth with the aid of directed acyclic graphs, a recently developed algorithm of inductive causation. The results suggest that while agriculture could be an engine of economic growth, the impact varies across countries. In some cases, we found strong evidence in support of the agriculture‐led growth hypothesis. In contrast, the results for some other countries indicate that having a vibrant aggregate economy is a prerequisite for agricultural development.