Ex-ante Economic Analysis of Biological Control of Coconut Mite in Benin
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The coconut mite, Aceria guerreronis Keifer, has been identified as one of the pests that pose a threat to the coconut industry in Benin. The study presents the simulation results of the economic benefits of the biological control of coconut mites in Benin using a standard economic surplus model. In the least optimistic scenario, the economy would derive an overall net gain of US$155,213.40. Considered at a discount rate of 12% for the period 2008-2027, net present value was about $207,721, while the internal rates of return or break-even discount rates are high at 13.21%. It is therefore recommended that contemporaneous with the release of natural predators of the coconut mite, plans should be underway for improving research and extension services to coconut farmers in Benin.