Grain today, gain tomorrow: Evidence from a storage experiment with savings clubs in Kenya

Aggarwal, S and Francis, E and Robinson, J (2018) Grain today, gain tomorrow: Evidence from a storage experiment with savings clubs in Kenya. Journal of Development Economics, 134. pp. 1-15.

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Abstract

Many farmers in the developing world lack access to effective savings and storage devices. Such devices might be particularly valuable for farmers since income is received as a lump sum at harvest but expenditures are incurred throughout the year, and because grain prices are low at harvest but rise over the year. We experimentally provided two saving schemes to 132 ROSCAs in Kenya, one designed around communally storing maize and the other around saving cash for inputs. About 56 of respondents took up the products. Respondents in the maize storage intervention were 23 percentage points more likely to store maize (on a base of 69), 37 percentage points more likely to sell maize (on a base of 36) and (conditional on selling) sold later and at higher prices. We find no effects of the individual input savings intervention on input usage, likely because baseline input adoption was higher than expected.

Affiliation: Indian School of Business
ISB Creators:
ISB CreatorsORCiD
Aggarwal, SUNSPECIFIED
Item Type: Article
Uncontrolled Keywords: Intertemporal price fluctuations, Storage, Savings, ROSCAs, PICS bags
Subjects: Business and Management
Socio Political System
Depositing User: Veeramani R
Date Deposited: 02 May 2018 06:16
Last Modified: 12 Jul 2018 10:34
URI: http://eprints.exchange.isb.edu/id/eprint/566
Publisher URL: https://doi.org/10.1016/j.jdeveco.2018.04.001
Publisher OA policy: http://www.sherpa.ac.uk/romeo/issn/0304-3878/
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