Efficient market systems that respond to demand and supply of technologies and ensure small holder farmers have the necessary inputs at the right time, right quantities and quality and can access output markets are essential for Africa’s agriculture to effectively grow incomes for the farmer, business and country.
Crop improvement and generation of innovative agricultural technologies should benefit farmers in Africa through availability of higher yielding and adaptable crop varieties. However, the benefits of some of these products are yet to be realized by smallholder farmers due to delays in getting them to market. Part of the reason for the delay is the under-developed private sector in most African countries, inefficiencies in supply and demand of agricultural inputs, access to cash/credit to purchase inputs, and access to output markets both in-country and cross boundary within Africa.
An efficient market system will ensure the cost of doing business across the value chain is reasonable for all players whether farmers, seed companies, agro-dealers and consumers.