This paper identifies market failures that limit agricultural R&D for Africa and other resource-poor environments, and proposes a way to complement existing institutions with cash prizes for the dissemination of successful new technologies adopted by low-income farmers. The proposed prize institution would use agronomic experiments and farm surveys to document the value of innovations after their initial diffusion, and offer payments in proportion to estimated social benefits in target regions.
This paper discusses the challenges and determinants of agro-operations and innovation initiatives in developing countries. With particular reference to the Caribbean region, available country statistics and data are analysed. A generic model of collaborative innovation for agriculture that stresses collaboration among the stakeholders (government, knowledge institutions, public and private firms and others) is described.