Application of Safety-First Approach to Measure Risk Behaviour of Yam Farmers in Benue State, Nigeria

Singh, Sanusi M. Sadiq, I. P. Singh, N. K.; Lawal, M.; Ahmad, Muhammad Makarfi; Eije, O. C.

doi:10.25081/jsa.2018.v2.890

Cited by 2 publications

(1 citation statement)

References 7 publications

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“…Based on that result, the majority of the respondents have low risk aversion behaviours. This is inconsistent with the findings of Dadzie and Acquah (2012), Akinniran et al (2017), Senapati (2020) and Sadiq et al (2018), which portrayed farmers as having risk averse behaviour. However, their responsiveness to risk is not strong enough to avoid the risk encountered in their agricultural business.…”

Section: Determining the Risk Aversion Behaviour Of Farmers Using The...contrasting

confidence: 74%

Risk Aversion and Perception of Farmers about Endogenous Risks: An Empirical Study for Maize Producers in Awi Zone, Amhara Region of Ethiopia

Girma

Kuma

Bedemo

2023

JRFM

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Agriculture is a risky business that is subject to endogenous risks. Endogenous risks caused by input utilization, input affordability and input availability may prove detrimental to the production potential of farmers. The study was aimed at examining the risk perception, risk aversion and risk management strategies of maize producers in Awi zone, which is found in the northwest part of Ethiopia. The study involved 343 respondents who produced maize under risk. Descriptive statistics, a seven-point Likert scale, the observed economic behaviour method, factor analysis and a seemingly unrelated regression model were used to process the data. The results showed that farmers have different perceptions of the endogenous risk associated with input availability and input affordability which has a different probability of occurrence and severity of damage. The observed economic behaviour method showed that farmers in the area also have different risk aversion behaviours: about 7.29% of the respondents in the study area have high risk aversion attitudes, while about 30.61% have medium risk aversion attitudes and 62.10% of them have low risk aversion attitudes. The seemingly unrelated regression model output showed that farmers’ economic, social, demographic and institutional factors, as well as their risk behaviour, determine the risk management strategies that they employ. Maize farmers in the area applied human risk management strategies, production risk management strategies, diversification, financial risk management strategies and marketing risk management strategies to tackle the endogenous risks in the area. It was deduced that maize farmers have a risk averse behaviour even if their risk aversion levels differ based on the scope of the management strategies that they employ to combat risk. Following the finding of the study, a holistic approach to risk management that encompasses all actors, such as farmers, researchers, extension services and financial institutions should be involved to make the appropriate interventions.

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Section: Determining the Risk Aversion Behaviour Of Farmers Using The...contrasting

confidence: 74%

Risk Aversion and Perception of Farmers about Endogenous Risks: An Empirical Study for Maize Producers in Awi Zone, Amhara Region of Ethiopia

Girma

Kuma

Bedemo

2023

JRFM

View full text Add to dashboard Cite

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Prospects of Rice Milling Cottage Industry in Niger State of Nigeria

Sadiq¹,

Singh

Ahmad

et al. 2021

Türkiye Tarımsal Araştırmalar Dergisi

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The study determined the prospect of the rice milling cottage industry in Nigeria's Niger State using cross-sectional data. The data were collected with the aid of a well-structured questionnaire complemented with an interview scheduled from fifty-five (55) active millers chosen through a multi-stage sampling technique. Both descriptive and inferential statistics were used for data analysis. Based on the findings, it can be suggested that the potential of rice milling enterprise in the study area has not been fully explored despite its profitability turnover ratio. The industry is exclusively men enterprise with the majority been low-income earners. Potentials alongside challenges still exist in the rice milling industry as evident by the overwhelming influences of weakness and threat. Millers' age was observed to be the major inducing factor that increases income inequality among the processors. In lieu of the foregoing, the study advised the millers to adopt a defensive strategy to remain afloat in the industry. In addition, there is a need for capacity building enhancement viz. acquisitions of innovative milling skills by the millers, thus enhancing their managerial efficiency.

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Application of Safety-First Approach to Measure Risk Behaviour of Yam Farmers in Benue State, Nigeria

Cited by 2 publications

References 7 publications

Risk Aversion and Perception of Farmers about Endogenous Risks: An Empirical Study for Maize Producers in Awi Zone, Amhara Region of Ethiopia

Risk Aversion and Perception of Farmers about Endogenous Risks: An Empirical Study for Maize Producers in Awi Zone, Amhara Region of Ethiopia

Prospects of Rice Milling Cottage Industry in Niger State of Nigeria

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