This book provides a thorough introduction to and examination of agricultural value chains in Sub-Saharan Africa. First, the authors introduce the economic theory of agri-food value chains and value chain governance, focusing on domestic and regional trade in (and consumption of) food crops in a low-income country context. In addition to mainstream and heterodox thinking about value chain development, the book pays attention to political economy considerations. The book also reviews the empirical evidence on value chain development and performance in Africa. It adopts multiple lenses to examine agricultural value chains, zooming out from the micro level (e.g., relational contracting in a context of market imperfections) to the meso level (e.g., distributional implications of various value chain interventions, inclusion of specific social groups) and the macro level (underlying income, population and urbanization trends, volumes and prices, etc.).Furthermore, this book places value chain development in the context of a process the authors refer to as structural transformation 2.0, which refers to a process where production factors (labor, land and capital) move from low-productivity agriculture to high-productivity agriculture. Finally, throughout the book the authors interpret the evidence in light of three important debates: (i) how competitive are rural factor and product markets, and what does this imply for distribution and innovation? (ii) what role do foreign investment and factor proportions play in the development of agri-food value chains in Africa? (iii) what complementary government policies can help facilitate a process of agricultural value chain transformation, towards high-productive activities and enhancing the capacity of value chains to generate employment opportunities and food security for a growing population.

Alan de Brauw is a Senior Research Fellow at the International Food Policy Research Institute. He was previously a professor of economics at Williams College. He conducts much of his research using primary source data and has previously published over 50 articles in economics, agricultural economics, and nutrition journals.

Erwin Bulte is professor of development economics at Wageningen University and Research. He has previously held positions at Oxford University, Cambridge University, Tilburg University and Utrecht University. He has published almost 150 papers in internationally refereed journals, and a previous Palgrave book on institutions and agrarian development in West Africa (with Paul Richards and Maarten Voors).

1. African smallholders and their market environment.- 2.African Agricultural Value Chains: A Brief Historical Overview.- 3. Economic theory and value chain governance.- 4. The evolution of Agricultural Value Chains in Africa.- 5. Small holders and Markets.- 6. Product quality and certification.- 7. Storage and post-harvest losses.- 8. Silver bullets?.- 9. Structural transformation 2.0: the rocky road ahead...