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Potential Impact of the Kwacha Appreciation and Proposed Tax Provisions of the 2006 Budget Act on Zambian Agriculture AgEcon
Fynn, John; Haggblade, Steven.
The study aims to quantify the impact of the Kwacha appreciation and to project the broad impact on the agricultural export, domestic production and processing sectors. It explores the scope for mitigating actions – by farmers, commercial enterprises and government authorities – that might provide a means of survival of export operations and the retention of income-earning opportunities by rural communities in the commercial and small scale agricultural sectors. The study aims to assess the impact of the Kwacha appreciation on the viability of agricultural enterprises and income earning opportunities in the context of the new tax regulations proposed in the 2006 budget. It is anticipated that the findings of this study should establish a foundation...
Tipo: Report Palavras-chave: Food security; Food policy; Zambia Kwacha appreciation; Agricultural export; Domestic production; Agricultural and Food Policy; International Relations/Trade; Q18.
Ano: 2006 URL: http://purl.umn.edu/54475
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Potential Impact of the Kwacha Appreciation on Zambia Agriculture AgEcon
Fynn, John; Haggblade, Steven.
The rapid recent appreciation of the Kwacha has placed these gains at risk. The sudden strengthening of the Kwacha since November 2005 has reduced the Kwacha value of agricultural exports by 30%, forcing reductions in farmgate prices and eroding exporter profit margins. As in a classic case of Dutch Disease, large inflows of foreign exchange–whether from surging international copper prices, foreign aid or speculative financial inflows–have contributed to the strengthening Kwacha. The subsequent rapid appreciation of the Kwacha risks making much of Zambia’s export agriculture uncompetitive on world markets.
Tipo: Report Palavras-chave: Food security; Food policy; Zambia; Appreciation impact; Farm Management; Q18.
Ano: 2006 URL: http://purl.umn.edu/54617
Registros recuperados: 2
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