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Abstract
The present work analyzed the competitiveness and efficiency of the consortium production system of the cocoa with the rubber tree, in the southern Bahia, through the policies analysis matrix method developed by Monke and Pearson. PAM indicators were measured and grouped into four categories: profitability analysis; efficiency analysis; protection analysis; and net policies transfers. The obtained results allow affirming that the intercropping of cocoa crops with the rubber tree is a lucrative and competitive activity, from a private and social point of view. However, producers are penalized by policies that affect the product and inputs. Moreover, it was observed that indicators’ behavior are conditioned to cocoa and natural rubber prices fluctuations.