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Key findings and policy implications discussed in this document—Promoting Farm Investment for Sustainable Intensification of African Agriculture— include the following: Farmers are much more likely to invest in both productivity and land protection when they can produce cash crops. Livestock husbandry is a boon to farm investments, as it provides cash income, manure, and an insurance policy against crop failures. Land tenure insecurity, political instability, policy caprice, and wildly fluctuating farm prices dissuade investment. Complementary infrastructure, often built by villages or national governments, is crucial. Furthermore, rural nonfarm busi-nesses are a crucial source of funds for farm investments, especially since the dismantlement of public credit programs.
