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Smallholder farmers who planted maize on rented land suffered the steepest losses as the price of the grain plummeted.
A study by agricultural policy and development think tank Tegemeo Institute shows that farmers might have had to sell a 90-kilogramme bag of maize at the prevailing price of Sh1,250 after sinking Sh1,866 per bag on rent, labour, fertiliser, seeds and machinery.
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