Using ICT to reduce transaction costs in agriculture through better communication: A case-study from Sri Lanka
This work by LIRNEasia has shown that ICT can reduce “information search costs” related to agricultural inputs (and other components of the value chain). For example, the cost of finding appropriate fertilizer by telephone is less expensive than traveling to fertilizer distributor(s) to find the same information. The study finds that information search costs across the value chain amount to more than 69 percent of total transaction costs in their study.
Shahid Akbar Bangladesh Institute of ICT in Development (BIID) Bangladesh
Dear Riggs,
Thanks for sharing the info.
From our experience of e-Krishok, we found that in addition to these kind of transaction cost, farmers can save their produces from different kind of disease and pests by making a phone call or sending an email to our help desk. And result of this kind of service contributes significantly, even up to 100% in many cases by saving produces.
Also for searching 'quality input', farmers now avail mobile based services to ensure proper management of land and crops.
Using ICT to reduce transaction costs in agriculture through better communication: A case-study from Sri Lanka
This work by LIRNEasia has shown that ICT can reduce “information search costs” related to agricultural inputs (and other components of the value chain). For example, the cost of finding appropriate fertilizer by telephone is less expensive than traveling to fertilizer distributor(s) to find the same information. The study finds that information search costs across the value chain amount to more than 69 percent of total transaction costs in their study.
Greater detail is presented in the report, which can be found at http://www.lirneasia.net/wp-content/uploads/2008/11/transactioncosts.pdf
Dear Riggs,
Thanks for sharing the info.
From our experience of e-Krishok, we found that in addition to these kind of transaction cost, farmers can save their produces from different kind of disease and pests by making a phone call or sending an email to our help desk. And result of this kind of service contributes significantly, even up to 100% in many cases by saving produces.
Also for searching 'quality input', farmers now avail mobile based services to ensure proper management of land and crops.