The development of vegetable enterprises in the presence of transaction costs among farmers in Omusati Region of Namibia : an assessment

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dc.contributor.authorVink, Nicken_ZA
dc.contributor.authorThomas, Benisiuen_ZA
dc.date.accessioned2023-03-31T11:07:19Z
dc.date.available2023-03-31T11:07:19Z
dc.date.issued2020
dc.descriptionCITATION: Vink, N. & Thomas, B. 2020. The development of vegetable enterprises in the presence of transaction costs among farmers in Omusati Region of Namibia : an assessment. Journal of Agriculture and Food Research, 2:10028, doi:10.1016/j.jafr.2020.100028.
dc.descriptionThe original publication is available at https://www.sciencedirect.com
dc.description.abstractThe paper investigates how transaction characteristics influence the development of vegetable enterprises among smallholder farmers in north-central Namibia. As transaction costs are difficult to measure the theoretical framework of analysis is based on transaction costs economics of new institutional economics. The results revealed that the spot market-based governance structure was the most preferred market arrangements by smallholders farmers in north-central Namibia because vegetable farmers struggle to meet the quality and quantity standards as required by the contractors market-based and commission market-based arrangements. The results also suggest that due to incomplete information, farmers and market agents suffer from high transaction costs. Skewed information distribution between farmers and marketing agents leads to slow development of vegetable enterprises. The study recommends that information shared to farmers must be packaged in an adequate manner to minimise transaction costs in the vegetable value chain.en_ZA
dc.description.versionPublisher's version
dc.format.extent6 pages
dc.identifier.citationVink, N. & Thomas, B. 2020. The development of vegetable enterprises in the presence of transaction costs among farmers in Omusati Region of Namibia : an assessment. Journal of Agriculture and Food Research, 2:10028, doi:10.1016/j.jafr.2020.100028.
dc.identifier.issn2666-1543 (online)
dc.identifier.otherdoi:10.1016/j.jafr.2020.100028
dc.identifier.urihttp://hdl.handle.net/10019.1/126753
dc.language.isoen_ZAen_ZA
dc.publisherElsevier
dc.rights.holderAuthors retain copyrighten_ZA
dc.subject.lcshAsset specificityen_ZA
dc.subject.lcshInformal sector (Economics)en_ZA
dc.subject.lcshInformation asymmetryen_ZA
dc.subject.lcshCorporate governane – Social aspectsen_ZA
dc.subject.lcshVegetable gardening – Namibia – Omusati -- Costsen_ZA
dc.subject.lcshOmusati (Namibia). Regional Councilen_ZA
dc.titleThe development of vegetable enterprises in the presence of transaction costs among farmers in Omusati Region of Namibia : an assessmenten_ZA
dc.typeArticleen_ZA
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