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Transaction cost economics sees a broad spectrum of governance structures spanned by two types of economic adaptation: autonomous and cooperative. Stakeholder theorists have drawn much inspiration from transaction cost economics but have not paid explicit attention to the centrality of the idea of adaptation in this literature. This study aims to address this gap.

The authors develop a novel conceptual framework applying the distinction between the two types of economic adaptation to stakeholder theory.

The authors argue that the idea of cooperative adaptation is particularly useful for describing the firm’s collaboration with primary stakeholders in the joint value creation process. In contrast, autonomous adaptation is more relevant for firms interacting with secondary stakeholders who are not directly engaged in joint value creation and may not have formal contractual relationships with the firm. Accordingly, cooperative adaptation can be seen as vital for resolving team production problems affecting joint value creation, whereas autonomous adaptation addresses how the firm maintains legitimacy within the larger stakeholder environment.

Similar to its significance for transaction cost economics, the distinction between the two types of adaptation equips stakeholder theory with a new systematic understanding of a potentially broad spectrum of firm–stakeholder collaboration forms.

The purpose of this paper is to provide an overview of the current state of knowledge on the economic performance of genetically modified (GM) cotton worldwide based on a wide range of data and source from available literature, and second to assess yield gain and economic performance.

A systematic review was captured to provide the evidence of potential benefits of GM cotton. A country-specific analysis was conducted in order to compare economic indicators and employed meta-analysis to find out the significance of the different of GM cotton over its counterpart.

This paper depicts positive impact of commercialized GM cotton in terms of net revenue, and the benefits, especially in terms of increased yields, are greatest for the mostly farmers in developing countries who have benefitted from the spill over of technology targeted at farmers in industrialized countries.

Due to the variability of the data which came from different methodologies, it is difficult to determine the differences of the performances each individual study.

This, it is believed that results from this study can be useful for operations of all sizes as the authors think about what needs to be focussed on for long-term producers survival.

The paper clearly indicates that China is the highest cotton yield of GM cotton, the lowest cost of GM seed and the lowest cost of chemical spray compare to any other countries. Therefore, this is the fact that the adoption of GM cotton has been widely spread among the farmers across the regions in China.

This paper examines whether farmers' knowledge of the minimum support prices (MSPs) affects farm-gate prices. MSP is the minimum guaranteed price for agricultural commodities announced by the Government of India for 24 commodities. Most farmers in India prefer to sell their produce at the farm-gate due to a small marketable surplus and hence do not directly benefit from MSP. The authors test the common argument in the political discourse that if farmers have knowledge of MSP, then they can bargain with traders during the farm-gate transaction and demand a better price close to MSP.

The authors use matching methods to examine the impact of knowledge of MSP on farm-gate prices.

Using nationally representative data, the authors show that there is no empirical evidence that the knowledge of MSP of the crops leads to higher bargaining power and better farm-gate prices.

Price information (MSP in this case) alone cannot improve the bargaining power of farmers and result in a better price realization. As a safety net, MSP fails in the absence of procurement of products by the government. This also raises the question of the equitability of the price support system in India and calls for a rethink of the MSP policy.

This study is the first of its kind to examine the anchoring effect of knowledge of MSP on farm-gate prices using a nationally representative dataset.

In Argentina, soy and maize represent 28% of the total country exports, affecting the balance of payments, international reserves accumulation and sovereign credit risk. In the past 10 years, three extreme and moderate droughts have affected the agricultural areas, causing significant losses in soybean and maize production. This study aims to estimate the economic impact generated by different drought levels for soy and maize production areas through a financial perspective that allows the estimation of the cash flow and income losses.

By analyzing the extreme deviations in yields during dry periods, the losses generated by droughts were valuated among 183 departments nationwide.

The aggregated results indicated a total loss of US$24.170m, representing 57.45% of the international reserves of the Argentinean Central Bank in 2021. This estimate shows the magnitude of the climate impact on the Argentinean economy, indicating that severe droughts have macroeconomic impacts, with the external sector as the main transmission channel in an economy with historic restrictions on the balance of payments, international reserve accumulation and sovereign credit risk.

This study analyses the macroeconomic impact of drought on Argentinean soybean and maize production.

Collaboration in agricultural value chains (AVCs) has the potential to increase smallholders’ participation in international value chains and increase their benefits from participation. This scoping review explores existing collaboration models among stakeholders of AVCs in developing countries, examines enablers and constraints of collaboration and identifies policy gaps.

We systematically searched three databases, CAB Abstracts, Econlit (EBSCO) and Agricola, for studies published between 2005 and 2023 and included 59 relevant studies on AVC collaboration.

The primary motivations for collaboration are to enhance market access and improve product quality. Key outcomes of collaboration include improvements in farmers’ welfare, market participation and increased production; only a few studies consider improved risk management as an important outcome. Robust support from government and non-governmental entities is a primary enabler of collaboration. Conversely, conflicts of interest among stakeholders and resource limitations constrain collaboration possibilities. Collaboration involving high-value crops prioritizes income increases, whereas collaboration involving staple crops focuses on improving household food security.

This study may have publication bias as unsuccessful instances of collaboration are less likely to be published.

This study is unique in highlighting collaboration models’ characteristics and identifying AVC policy and programmatic areas where private firms, farmers’ groups, local governments and donor agencies can contribute.

This paper aims to discuss the roles of social protection in reducing and facilitating climate-induced migration. Social protection gained attention in the international climate negotiations with the establishment of the Warsaw International Mechanism for Loss and Damage. Yet, its potential to address migration, considered as a key issue in the loss and damage debate, has not been sufficiently explored. This paper aims at identifying key characteristics of social protection schemes which could effectively address climate-induced migration and attempts to derive recommendations for policy design.

Based on the existing literature, the paper links empirical evidence on the effects of social protection to climate-related drivers of migration and the needs of vulnerable populations. This approach allows conceptually identifying characteristics of effective social protection policies.

Findings indicate that social protection can be part of a proactive approach to managing climate-induced migration both in rural and urban areas. In particular, public work programmes offer solutions to different migration outcomes, from no to permanent migration. Benefits are achieved when programmes explicitly integrate climate change impacts into their design. Social protection can provide temporary support to facilitate migration, in situ adaptation or integration and adaptation in destination areas. It is no substitution for but can help trigger sustainable adaptation solutions.

The paper helps close research gaps regarding the potential roles and channels of social protection for addressing and facilitating climate-induced migration and providing public support in destination, mostly in urban areas.

Climate change and its imminent threat to human survival adversely impact the agriculture sector. In an impoverished country like The Gambia, economic costs of climate change are colossal. This study aims to establish a computable general equilibrium (CGE) model for The Gambia’s agriculture sector to examine the effects of climate change on crops, livestock and sea-level rise.

This study used a CGE model with other climate change impact models to compute the impacts of climate change on The Gambia’s agriculture sector. The social accounting matrix calibrates the results from the various models, thereby generating the baseline results which exemplify a “steady-state” and policy shock results illustrating the medium- and long-term effects of climate change on the country’s agriculture sector.

The baseline results indicate the status quo showing the neglect of the agriculture sector due to limited investment in the sector. Hence, the sector is the “hardest hit” sector as a result of climate change. When the model factored in climate change in the medium term (2055) and long term (2085), the macroeconomic indicators of gross domestic product, national savings, wages, disposable income and consumer price index deteriorated, elucidating the vulnerability of the economy to climate change. The consumption of groundnuts, cattle and fish will decline by 5%, 5% and 4%, respectively, in the long term. However, the production of all agricultural commodities will decline by an average of 35% for the same period. The results for international trade show that exportation would decline while importation will increase over time. The general price level for agricultural commodities would increase by 3% in 2055 and 5% in 2085. Generally, the results manifest the severity of climate change in the agriculture sector which will have a multiplier effect on the economy. The impact of climate change would result in agriculture and economic decline causing hunger, poverty and human misery.

The caveat of this study revealed the nuances not captured by previous Gambian climate change studies, thus the novelty of the study.

The purpose of this paper is to consider the climatic variables and evaluate the role of non-climatic factors that delicately influence agriculture. This study has come across various adaptation strategies such as modification in cultivation practices such as shifting planting dates, water-saving techniques and strategic nutrient management. Meanwhile, we are trying to forget the ground reality that a majority of the farmers are not aware of climate-resilient production technologies. However, farmers modify themselves in this climate change scenario for sustainable production. The practise of these adaptation strategies helps to reduce vulnerability to improve their “socio-economic status” and the “quality of life”.

The present study was attempted to document all the indigenous practices, which are practised by paddy-growers over time for confronting the climate crisis in the Hyderabad-Karnataka region of Karnataka state, India. A cross-sectional and questionnaire-based survey was conducted to collect primary data. The pre-tested interviewing questionnaire consisted of 7 sections with 51 questions. A total of 90 paddy-growing farmers of the region was selected as respondents for the survey. The descriptive statistics was used to analyse the collected data.

In respect of adopted strategies, the vast majority (96.67%) of the farmers had used crops as livestock fodder as they fall back in case of failure, followed by the majority (72.22%) of the selected appropriate varieties. Cent per cent of the farmers adopted the construction of waterways along the slope for safe disposal of rainwater. An overwhelming portion of the farmers adopted levelling of the land in between the bunds (96.67%) and construction of bunds to conserve moisture (95.56%). The majority (76.67%) of the farmers intensified agricultural activities on irrigated land. Nearly half of them (47.78%) paddy growers were practising zero tillage to save time and money.

The current study was carried out in a few districts of Karnataka. Hence, any policy framed based on the outcomes of this study may not conform to the policy specification needs in general to other parts of the country. The farmers did not maintain record books for updating various records. Therefore, the accuracy of data depends on the memory of the respondents. However, the researcher had made every possible effort to make sure that the data collected are the best of the knowledge of the respondents and bear minimal distortions.

The major constraints to applying agricultural adaptation strategies in the study area have been a general lack of knowledge, expertise and data on climate change issues; a lack of specific climate change institutions to take on climate change work and the need for a better institutional framework in which to implement adaptation. Actions to address these gaps include, namely, training programmes for local government officials, dedicated research activities and post-graduate courses and the initiation of specific institutional frameworks for climate change. Furthermore, improving and strengthening human capital, through education, outreach and extension services, improves decision-making capacity at every level and increases the collective capacity to adapt.

Hyderabad-Karnataka is already under pressure from climate stresses, which increases vulnerability to further climate change and reduces adaptive capacity. The adverse effects of climate change have a devastating effect particularly on paddy cultivation, which is the mainstay of most Hyderabad-Karnataka Region. This has affected food production with its resultant effect on widespread poverty. Farmers in the study area have developed traditional agricultural adaptation strategies to cope with climate variability and extreme events. Experience with these strategies needs to be shared among communities.

Though the many literatures were available on the adaptation strategies for climate change this research is one of the few studies to document the farmer led adaptation strategies. This study provides a better understanding of the importance of farmer led adaptation strategies which in turn helps to develop or modify the existing adaptation technologies to cope up with climate change. The authors have come across various adaptation strategies such as modification in cultivation practices such as shifting planting dates, water-saving techniques and strategic nutrient management. Meanwhile, we are trying to forget the ground reality that the majority of the farmers are not aware of climate-resilient production technologies. However, farmers modify themselves in this climate change scenario for sustainable production. The practise of these adaptation strategies helps to reduce vulnerability to improve their “socio-economic status” and the “quality of life”. Therefore, farmer-led adaptation strategies to confront with a change in climate require to be recorded.