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09 April 2018 Photo Supplied
CGAS awards second AS scholarship Chetima Melchisedek
Chètima Melchisedek is the recipient of the UFS/AS Young African Scholarship is planning a visit to the UFS Centre for Gender and Africa Studies in 2019.
Chétima Melchisedek from the University of Ottawa, Canada, has been awarded the 2018 UFS/AS Young African Scholarship. “An award like the UFS/AS Young African Scholar is a great accomplishment for a young scholar,” said Chétima.

Melchisedek is the 2018 Gordon F Henderson Fellow at the Human Rights Research and Education Centre at the University of Ottawa and is affiliated  with the University of Maroua in Cameroon. “I am also very happy and honoured to be affiliated to the Centre for Gender and Africa Studies (CGAS) at the UFS. To be able to work with the university is a privilege I am delighted to receive.”

He says the disciplines within Africa studies should be researched by Africans from the continent. “My aim was also to be able to share my knowledge through publications in established journals. In fact, today, this is the only way to be recognised as an authoritative voice on African studies from Africa,” he said.

Scholarship provides platform to young researchers 
The Young African Scholar Award is an initiative by the Centre for Gender and Africa Studies. It seeks to strengthen efforts to promote internationally recognised African scholarship within Africa Studies.   

The programme provides young researchers the platform to publish their work and to build an international network with organisations such as the German Institute of Global and Area Studies (GIGA), the German African Studies Association (Vereinigung von Afrikanisten in Deutschland/VAD), and the UFS Centre for Gender and Africa Studies.

“The award is given to the best, publishable research article contribution by an emerging African scholar to the prestigious African Spectrum journal,” said Dr Stephanie Cawood, Acting Director of CGAS. The prerequisite for the award is that applicants must be from Africa or affiliated with African institutions.  

As part of the prize, the winner receives a three-year affiliation as research fellow with the UFS GGAS and prize money of R5000.

News Archive

Producers to save thousands with routine marketing strategies, says UFS researcher
2014-09-01

 

Photo: en.wikipedia.org

Using derivative markets as a marketing strategy can be complicated for farmers. The producers tend to use high risk strategies which include the selling of the crop on the cash market after harvest; whilst the high market risks require innovative strategies including the use of futures and options as traded on the South African Futures Exchange (SAFEX).

Using these innovative strategies are mostly due to a lack of interest and knowledge of the market. The purpose of the research conducted by Dr Dirk Strydom and Manfred Venter from the Department of Agricultural Economics at the University of the Free State (UFS) is to examine whether the adoption of a basic routine strategy is better than adopting no strategy at all.

The research illustrates that by using a Stochastic Efficiency with Respect to a Function (SERF) and Cumulative Distribution Function (CDF) that the use of five basic routine marketing strategies can be more rewarding. These basic strategies are:
• Put (plant time)
• Twelve-segment pricing
• Three-segment pricing
• Put (pollination)(Critical Moment in production/marketing process), and
• Pricing during pollination phase.

These strategies can be adopted by farmers without an in-depth understanding of the market and market-signals. Farmers can save as much as R1.6 million per year on a 2000ha farm with an average yield.

The results obtained from the research illustrate that each strategy is different for each crop. Very important is that the hedging strategies are better than no hedging strategy at all.

This research can also be applicable to the procurement side of the supply chain.

Maize milling firms use complex procurement strategies to procure their raw materials, or sometimes no strategy at all. In this research, basic routine price hedging strategies were analysed as part of the procurement of white maize over a ten-year period ranging from 2002–2012. Part of the pricing strategies used to procure white maize over the period of ten years were a call and min/max strategy. These strategies were compared to the baseline spot market. The data was obtained from the Johannesburg Stock Exchange’s Agricultural Products Division better known as SAFEX.

The results obtained from the research prove that by using basic routine price-hedging strategies to procure white maize, it is more beneficial to do so than by procuring from the spot market (a difference of more than R100 mil).

Thus, it can be concluded that it is not always necessary to use a complex method of sourcing white maize through SAFEX, to be efficient. By implementing a basic routine price hedging strategy year on year it can be better than procuring from the spot market.

Understanding the Maize Maze by Dr Dirk Strydom and Manfred Venter (pdf) - The Dairy Mail


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