Farmers’ motivations, risk perceptions and risk management strategies in a developing economy: Bangladesh experience

2011 ◽  
Vol 14 (3) ◽  
pp. 325-349 ◽  
Author(s):  
Dewan Ali Ahsan
Keyword(s):  
Risk Management ◽  
Risk Perceptions ◽  
Management Strategies ◽  
Developing Economy ◽  
Risk Management Strategies

scholarly journals Risk perceptions and risk management strategies among poultry farmers in south-west Nigeria

2021 ◽  
Vol 7 (1) ◽  
pp. 1891719
Author(s):  
Abigail Gbemisola Adeyonu ◽  
Abiodun O. Otunaiya ◽  
Enoch O. Oyawoye ◽  
Funmilayo A. Okeniyi
Keyword(s):  
Risk Management ◽  
Risk Perceptions ◽  
Management Strategies ◽  
South West ◽  
Risk Management Strategies ◽  
Poultry Farmers

scholarly journals A Global Review of Farmers’ Perceptions of Agricultural Risks and Risk Management Strategies

Agriculture ◽  
2019 ◽  
Vol 9 (1) ◽  
pp. 10 ◽  
Author(s):  
Thi Tam Duong ◽  
Tom Brewer ◽  
Jo Luck ◽  
Kerstin Zander
Keyword(s):  
Risk Management ◽  
Perceived Risk ◽  
Risk Perceptions ◽  
Management Strategies ◽  
Future Research ◽  
Agricultural Risk ◽  
Agricultural Enterprises ◽  
Pests And Diseases ◽  
Wide Range ◽  
Risk Management Strategies

Farmers around the world face and manage a wide range of enterprise-related risks. These risks are increasing due to a range of factors including globalisation, increased trade in agricultural products, and climate change, jeopardising agricultural enterprises and forcing farmers to adjust their production and management strategies. Here we present results of a systematic literature review, following PRISMA protocol, of farmers’ perceptions of, and responses to, agricultural risks. Using data reduction method (factor analysis) and descriptive statistics, we analysed 197 studies and found that weather-related risk (55%), biosecurity threats (48%), and human risk (35%) are the significant risks perceived by farmers for their agricultural enterprises. Diversification of crop and animal production (28%) and pests and diseases monitoring and prevention (20%) were the preferred agricultural risk management strategies employed by farmers. Few studies have investigated socio-economic factors that explain risk perceptions (18%) or factors that influence how farmers manage agricultural risks (11%). The main barriers to successfully managing agricultural risks were limited access to information and formal low-interest loan systems, especially in developing countries. We identified a mismatch between perceived risk sources and risk management strategies, highlighting a need to improve understanding of why particular management responses are employed to address the various risks. This review suggests areas for future research to improve understanding of the perceptions of risks held by farmers, and to support efforts to manage and reduce these risks.

scholarly journals Risk Management Strategies and the Role of Social Context: A Comparative Study

2018 ◽  
Vol 4 (1) ◽  
pp. 1
Author(s):  
E. Fragouli ◽  
D. Hutcheon ◽  
J. Faryna
Keyword(s):  
Risk Management ◽  
Social Context ◽  
Risk Perceptions ◽  
Social Impact ◽  
Management Strategies ◽  
Flood Management ◽  
The Social ◽  
Risk Management Strategies ◽  
Common Goals ◽  
The Impact

Researchers have been suggesting that there is a need to examine the wider social context and its role in influencing flood risk management strategies; this has also been joined by a call for further research into the risks of increased rainfall as part of overall climate change. In response to these calls this research study examines the case studies of two pluvial, meaning of or caused by rainfall, flood events; the Calgary, Canada floods of 2013 and the Montrose, Scotland floods of 2016. These events were considered to be 1 in 100 year low probability scenarios and caused significant disruption to the affected areas. The study focuses on the examination into the social context of such events; by examining the risk perceptions before the event, the flood management strategies used and the social impact of the events it was possible to gain insight into the wider picture of pluvial flooding. The analysis of the cases demonstrated that the perceptions of the events were low, due to the unusual nature of the events, but the forecasting of a flood and the issuing of warnings helped to reduce the impact and predict the areas that were most likely to be affected. It has also highlighted the importance of setting common goals, and engaging with, all the necessary stakeholders to improve the effectiveness of strategies and responses. The study concludes by indicating issues that may be of interest to decision makers and researchers in the field of risk management.

scholarly journals Navigating risks and uncertainties: Risk perceptions and risk management strategies in the Philippine seaweed industry

Marine Policy ◽  
2021 ◽  
Vol 126 ◽  
pp. 104408
Author(s):  
Jee Grace B. Suyo ◽  
Virginie Le Masson ◽  
Louise Shaxson ◽  
Maria Rovilla J. Luhan ◽  
Anicia Q. Hurtado
Keyword(s):  
Risk Management ◽  
Risk Perceptions ◽  
Management Strategies ◽  
Risk Management Strategies ◽  
Seaweed Industry

Smallholder farmers’ risk perceptions and risk management responses

2018 ◽  
Vol 9 (3) ◽  
pp. 367-387 ◽  
Author(s):  
Richard Asravor
Keyword(s):  
Risk Management ◽  
Factor Analysis ◽  
Linear Regression ◽  
Household Income ◽  
Risk Perceptions ◽  
Management Strategies ◽  
Content Type ◽  
Smallholder Farm ◽  
Risk Management Strategies ◽  
Semi Arid

Purpose The purpose of this paper is to identify the perceptions of farmers on the major sources of risk and to examine the effectiveness of the risk management responses of rural smallholder farm households in the semi-arid region of Northern Ghana from the socioeconomic perspective. Design/methodology/approach Both descriptive statistics and exploratory factor analysis were used on a Likert scale question to rank and identify the important risk perceptions and management strategies of the farmers. The linear regression model was used to highlight the significant factors that affect the farmers’ risk perception and management responses. Findings The effects of the variations in crop yield, fertiliser prices and crop price on household income were perceived as the three most relevant sources of risk. Stabilising household income by growing different crops, storing feed/seed reserves and spreading sales were the most effective risk management strategies. Factor analysis identified market risk, production risk and human risk as major risk factors whereas diversification, financial strategy, and off-farm employment were perceived as the most effective risk management strategies. Farm and farmer characteristics were found to be significantly associated with risk perceptions and risk management strategies. Risk perceptions significantly increase the risk management strategy adopted by the smallholder rural farmers. Practical implications The findings of the paper call for the integration of farmers’ risk perceptions and management strategies in the development of agricultural policies for the semi-arid regions of Ghana. Originality/value This paper deviates from the traditional technology adoption studies by modelling rural household perceptions and management strategies using, using descriptive, factor analyses, and linear regression.

scholarly journals Risk Perception and Management Strategies in Dairy Farming: A Case of Adana Province of Turkey

2015 ◽  
Vol 3 (12) ◽  
pp. 952 ◽  
Author(s):  
Seyit Hayran ◽  
Aykut Gül
Keyword(s):  
Risk Management ◽  
Factor Analysis ◽  
Internal Consistency ◽  
Risk Perceptions ◽  
Management Strategies ◽  
Dairy Farming ◽  
Total Variance ◽  
Consistency Coefficient ◽  
Communication Behaviour ◽  
Risk Management Strategies

This study aims to determine and analyse farmers’ risk perceptions and risk management strategies in dairy farming. Data were obtained in 2014 (December) and 2015 (February and March) from face-to-face interviews with 96 dairy farmers in Yüregir and Saricam district of Adana province of Turkey. Factor analysis was used in data reduction to identify a small number of factors related to risk sources and risk strategies in this study. Then, multiple regression model was used to evaluate the influence of socio-economic characteristics and communication behaviour on the farmers’ risk perceptions and risk management strategies using factor loadings. The results of this study show that the most important risk source that the farmers' perceive is variability in feed prices and risk management strategy that the farmers' perceive is take precautions to prevent disease. The results of factor analysis show that the risk scale consists of 8 factors explaining 70.24% of total variance. The internal consistency coefficient Cronbach Alfa of the scale is 0.808 and KMO is 0.732. The risk management scale consists of 6 factors explaining 67.78% of total variance. The internal consistency coefficient Cronbach Alfa of the scale is 0.775 and KMO is 0.746. According to the results, perceptions were farmer-specific, a number of socio-economic variables and communication behaviour are found to be related to risk and risk management. To improve risk management strategies is useful for farmers as well and might help them to avoid many risks and reduce losses.

The management of risk in a dryland environment

2011 ◽  
pp. 13-21
Author(s):  
D.I. Gray ◽  
J.I. Reid ◽  
D.J. Horne
Keyword(s):  
Risk Management ◽  
Service Providers ◽  
Management Strategies ◽  
Subterranean Clover ◽  
Farming Systems ◽  
Market Risk ◽  
Farm Size ◽  
Forage Crops ◽  
Risk Management Strategies ◽  
Upside Risk

A group of 24 Hawke's Bay hill country farmers are working with service providers to improve the resilience of their farming systems. An important step in the process was to undertake an inventory of their risk management strategies. Farmers were interviewed about their farming systems and risk management strategies and the data was analysed using descriptive statistics. There was considerable variation in the strategies adopted by the farmers to cope with a dryland environment. Importantly, these strategies had to cope with three types of drought and also upside risk (better than expected conditions), and so flexibility was critical. Infra-structure was important in managing a dryland environment. Farmers chose between increased scale (increasing farm size) and geographic dispersion (owning a second property in another location) through to intensification (investing in subdivision, drainage, capital fertiliser, new pasture species). The study identified that there may be scope for further investment in infra-structural elements such as drainage, deeper rooting alternative pasture species and water harvesting, along with improved management of subterranean clover to improve flexibility. Many of the farmers used forage crops and idling capacity (reduced stocking rate) to improve flexibility; others argued that maintaining pasture quality and managing upside risk was a better strategy in a dryland environment. Supplementary feed was an important strategy for some farmers, but its use was limited by contour and machinery constraints. A surprisingly large proportion of farmers run breeding cows, a policy that is much less flexible than trading stock. However, several farmers had improved their flexibility by running a high proportion of trading cattle and buffer mobs of ewe hoggets and trade lambs. To manage market risk, the majority of farmers are selling a large proportion of their lambs prime. Similarly, cattle are either sold prime or store onto the grass market when prices are at a premium. However, market risk associated with the purchase of supplements and grazing was poorly managed.

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