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An Economic Comparison between Alternative Rice Farming Systems in Tanzania Using a Monte Carlo Simulation Approach

Written by Ibrahim L. Kadigi 1,2*, Khamaldin D. Mutabazi 1, Damas Philip 1, James W. Richardson 3,
Jean-Claude Bizimana
3, Winfred Mbungu 4, Henry F. Mahoo 4 and Stefan Sieber 5,6*

 

Tanzania is the second-largest producer of rice (Oryza sativa) in Eastern, Central, and Southern Africa after Madagascar. Unfortunately, the sector has been performing poorly due to many constraints, including poor agricultural practices and climate variability. In addressing the challenge, the government is making substantial investments to speed the agriculture transformation into a more modernized, commercial, and highly productive and profitable sector. The objective was to apply a Monte Carlo simulation approach to assess the economic feasibility of alternative rice farming systems operating in Tanzania while considering risk analysis for decisionmakers with different risk preferences to make better management decisions.

 

For more detail please click here: Journal Article_An Economic Comparison between Alternative Rice Farming Systems in Tanzania Using a Monte Carlo Simulation Approach

 

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