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Risk attitudes of farmers in Mahabubnagar district of Andhra Pradesh and their determinants

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Relation http://oar.icrisat.org/1969/
 
Title Risk attitudes of farmers in Mahabubnagar district of Andhra Pradesh and their determinants
 
Creator Kumara Charyulu, D
Rao, K P C
 
Subject Agriculture-Farming, Production, Technology, Economics
 
Description Understanding the attitudes of farmers toward risk is important in understanding their decision making processes. It helps in accelerating the adoption of new technologies and agricultural development. There exists a huge gap in our knowledge of farmers’ risk attitude and their association with the personal characteristics of the farmers. The present study has been undertaken to study the risk attitudes of 80 farmers from four villages in Mahabubnagar district of Andhra Pradesh. The risk attitudes of the farmers were assessed by using experimental methods involving trivial but real payoffs to them. Mean-variance (E-V) utility function was used to calculate the risk aversion coefficients based on the alternative outcomes chosen by the sample farmers. The study found that slight to moderate risk aversion exists in most of the sample farmers. The slight reduction in risk attitudes between 2004 and 2006 was found to be associated with higher rainfall, better access to credit and insurance and improved levels of yields and income. Age of household head and family size were noted to increase risk aversion significantly
 
Publisher Indian Institute of Economics
 
Date 2009
 
Type Article
PeerReviewed
 
Format application/pdf
 
Language en
 
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Identifier http://oar.icrisat.org/1969/1/AsianEconomicReview_51_1_79-88_2009.pdf
Kumara Charyulu, D and Rao, K P C (2009) Risk attitudes of farmers in Mahabubnagar district of Andhra Pradesh and their determinants. Asian economic review , 51 (1). pp. 79-88.