Risk preference and adoption of risk management strategies: Evidence from high-value crop production in emerging economy
Risk and risk preferences are considered as important drivers on farm management, crop choice, and land use decisions. A farmer’s choice of risk management strategies is of vital importance for the viability and continuation of the farm business. Using a primary survey data of onion growers in India...
| Main Authors: | , , |
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| Format: | Conference Paper |
| Language: | Inglés |
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Agricultural and Applied Economics Association
2019
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/145706 |
| _version_ | 1855518554614398976 |
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| author | Khanal, Aditya R. Mishra, Ashok K. Kumar, Anjani |
| author_browse | Khanal, Aditya R. Kumar, Anjani Mishra, Ashok K. |
| author_facet | Khanal, Aditya R. Mishra, Ashok K. Kumar, Anjani |
| author_sort | Khanal, Aditya R. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Risk and risk preferences are considered as important drivers on farm management, crop choice, and land use decisions. A farmer’s choice of risk management strategies is of vital importance for the viability and continuation of the farm business. Using a primary survey data of onion growers in India and risk preference measures using risk elicitation techniques, we tested for the relationship between risk preference and different risk management decisions. We found a negative relationship between risk preference and adoption of farm diversification strategies, a positive relationship between risk preference and farm concentration and specialization, and a negative relationship between risk preference and adoption of good agricultural practices. Additionally, we found that high risk averse farmers are more likely to -adopt farm diversification strategies, -adopt higher number of good agricultural practices, -adopt improved government recommended seed varieties and –adopt preventive measures against diseases & pests, as compared to low risk averse farmers. |
| format | Conference Paper |
| id | CGSpace145706 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2019 |
| publishDateRange | 2019 |
| publishDateSort | 2019 |
| publisher | Agricultural and Applied Economics Association |
| publisherStr | Agricultural and Applied Economics Association |
| record_format | dspace |
| spelling | CGSpace1457062024-11-13T12:23:07Z Risk preference and adoption of risk management strategies: Evidence from high-value crop production in emerging economy Khanal, Aditya R. Mishra, Ashok K. Kumar, Anjani risk management crop production farm management land use risk Risk and risk preferences are considered as important drivers on farm management, crop choice, and land use decisions. A farmer’s choice of risk management strategies is of vital importance for the viability and continuation of the farm business. Using a primary survey data of onion growers in India and risk preference measures using risk elicitation techniques, we tested for the relationship between risk preference and different risk management decisions. We found a negative relationship between risk preference and adoption of farm diversification strategies, a positive relationship between risk preference and farm concentration and specialization, and a negative relationship between risk preference and adoption of good agricultural practices. Additionally, we found that high risk averse farmers are more likely to -adopt farm diversification strategies, -adopt higher number of good agricultural practices, -adopt improved government recommended seed varieties and –adopt preventive measures against diseases & pests, as compared to low risk averse farmers. 2019-10-21 2024-06-21T09:04:54Z 2024-06-21T09:04:54Z Conference Paper https://hdl.handle.net/10568/145706 en Open Access Agricultural and Applied Economics Association Khanal, Aditya R.; Mishra, Ashok K.; and Kumar, Anjani. 2019. Risk preference and adoption of risk management strategies: Evidence from high-value crop production in emerging economy. Presented at the AAEA Annual Meeting in Atlanta Marriott Marquis in Atlanta, United States, July 21-23, 2019. https://purl.umn.edu/291285 |
| spellingShingle | risk management crop production farm management land use risk Khanal, Aditya R. Mishra, Ashok K. Kumar, Anjani Risk preference and adoption of risk management strategies: Evidence from high-value crop production in emerging economy |
| title | Risk preference and adoption of risk management strategies: Evidence from high-value crop production in emerging economy |
| title_full | Risk preference and adoption of risk management strategies: Evidence from high-value crop production in emerging economy |
| title_fullStr | Risk preference and adoption of risk management strategies: Evidence from high-value crop production in emerging economy |
| title_full_unstemmed | Risk preference and adoption of risk management strategies: Evidence from high-value crop production in emerging economy |
| title_short | Risk preference and adoption of risk management strategies: Evidence from high-value crop production in emerging economy |
| title_sort | risk preference and adoption of risk management strategies evidence from high value crop production in emerging economy |
| topic | risk management crop production farm management land use risk |
| url | https://hdl.handle.net/10568/145706 |
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