Impact of Transaction Costs on Milk Marketing by Dairy Farmers

The improvement of milk production is a key issue in Kenya since the country relies heavily on Agriculture for economic growth. However, there is inadequate empirical evidence on the extent to which transaction costs constrain or prevent access to information and markets, especially for small scale dairy farmers. This book therefore assesses marketing constraints as a result of transaction costs faced by small scale dairy farmers in Nandi North and Uasin Gishu counties. It provides a pragmatic policy and recommends actions which enhance market participation among small scale dairy farmers, converting them from subsistence to commercial farmers, hence stimulating the rural economy through higher produce incomes. The work is guided by Transaction, Cost Economic and New Institutional Economics’ concepts and theories. This book is resourceful to stakeholders in the milk industry, business professionals, and business education students in higher learning institutions.