![](https://d3ilqtpdwi981i.cloudfront.net/58V00m6oh2gY3Iyae1yISAY1M0k=/425x550/smart/https://bepress-attached-resources.s3.amazonaws.com/uploads/09/8a/99/098a9935-f206-4d8e-84e0-a69f4c4ea88e/thumbnail_eb14ca3d-7031-4890-9e76-bd1f0dd74a9b.jpg)
Cocoa production is important to economic growth and the welfare of rural populations. Economic policy is oriented toward encouraging production, maintaining a stable cocoa price, and using cocoa sales as a source of tax revenue and foreign exchange. This chapter will concentrate on the economics of production-related issues at the farm, industry, and government levels. Special emphasis is given to constraints on the decision-making process of the cocoa producer, as well as to the existing knowledge on cocoa production economics. Rather than providing a systematic framework for decisions in cocoa production, we will consider economic insights into specific problems. The former information can be obtained from basic texts on farm management. A summary of the research evidence on specific cocoa production problems is less readily available.
Available at: http://works.bepress.com/john-miranowski/46/
This is a chapter from Cocoa Production: Economic and Botanical Perspectives, 1976; 46-62. Posted with permission.