Producers, consumers, and value chains in low- and middle-income countries

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We present an overview of the literature on agri-food value chains in low- and middle-income countries. Starting from farmers’ decision of whether to move away from subsistence agriculture to participate in agri-food value chains, we study the process whereby agricultural commodities make their way from the farm gate to the final consumer, documenting the procurement relationships that arise and the organization of markets at every step of the way. In each step, we take stock of the empirical evidence, critically assess the research so far, and offer a number of directions for future research. We further discuss the challenges and opportunities for global agri-food value chains.

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Handbook of Agricultural Economics

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