Working Papers in Economics,
University of Gothenburg, Department of Economics

Abstract: This paper investigates whether the risk faced by rural farmers in Zimbabwe could poten- tially be managed by using community-based wildlife conservation. Community-based wildlife conservation could be an additional asset in the rural farmers’ investment portfolio thereby potentially diversifying and consequently reducing the risk they face. Such investment could also help e¤orts to conserve wildlife. By making use of national historical data and statistical analysis, this paper …nds that community-based wildlife conservation is a feasible hedge asset for agricultural production in rural Zimbabwe. The bene…ts of diversi…cation into community-based wildlife conservation are likely to be high only in those rural areas that can sustain wildlife pop- ulations su¢cient to generate adequate returns from wildlife activities such as tourism, trophy hunting, live animal sales and meat cropping.

Keywords: CAMPFIRE; diversi…cation; risk management; wildlife conservation; Zimbabwe

JEL-codes: D81; G11; Q29

15 pages, December 3, 2009

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Edwin Muchapondwa and Thomas Sterner, (2012), 'Agricultural Risk Management through Community-Based Wildlife Conservation in Rural Zimbabwe', Journal of Agribusiness in Developing and Emerging Economies, vol 2, no 1, pages 41-56

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