Assessment of crop farmers' attitude to risk and management methods in Oyo State, Nigeria

Oladipo, Akanbi; Olufemi, Adekunle; Mukaila, Ridwan; Johnson, Isola

doi:10.5937/wbjae2201037o

Cited by 3 publications

(2 citation statements)

References 16 publications

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Section: Resultsmentioning

confidence: 99%

“…Low financial power to purchase certified seeds is also seen as a severe constraint in procuring certified seeds for production. Insufficient resources, especially capital, is a major constraint in food crop production (Akanbi et al, 2022). This suggests that subsidizing certified seeds by the government would enhance the use of certified seeds among rice farmers.…”

Section: Difficulties Militating Against the Procurement Of Certified...mentioning

confidence: 99%

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Analysis of rice production and the impacts of the usage of certified seeds on yield and income in Côte d'Ivoire

Akanbi

Mukaila

Adebisi

2022

JADEE

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PurposeAfter a long observation of the high rate of rice importation and low productivity in Côte d’Ivoire, the certified rice seed was introduced and encouraged to be used by the local farmers. This study evaluates the profitability of rice production and the impact of certified seed usage on the yield and income of farmers in Côte d’Ivoire.Design/methodology/approachData were collected from 265 rice farmers. Descriptive statistics were used to identify the challenges faced in using certified seeds. Profitability analysis was used to examine the profitability of rice production. To eliminate bias due to the counterfactuals, the endogenous switching regression was employed to investigate the impact of the certified seeds on income and yield.FindingsThe difficulties faced by the rice farmers in the procurement of certified seeds were the unavailability of seeds, the high cost of seeds and poor credit access. Furthermore, rice farmers using certified seeds get a higher net income (USD 263.74/ha) than those using farmers' seeds (USD 212.31/ha). The average treatment on the treated was 1.61 for the yield and 574.75 for the income. The average treatment on the untreated was 1.20 for the yield and 422.59 for the income. These indicate a higher yield and income among adopters of certified rice seed.Research limitations/implicationsCertified rice seed usage is profitable and enhances the output and income of rice farmers. The study advocates the creation of a stronger relationship between the farmers and the extension agents to encourage the use of certified seeds and increase the profit of the farmers.Originality/valueThere is scant information on the profitability of certified rice seed usage and how it affect yield and income. Therefore, this study serves as empirical evidence for policymakers to develop strategies that are required to enhance certified seed usage, boost rice productivity and achieve food security.

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Section: Resultsmentioning

confidence: 99%

Section: Difficulties Militating Against the Procurement Of Certified...mentioning

confidence: 99%

Analysis of rice production and the impacts of the usage of certified seeds on yield and income in Côte d'Ivoire

Akanbi

Mukaila

Adebisi

2022

JADEE

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Impacts of credit constraints on adoption of risk management strategies and income of maize farmers in Northern Nigeria

Ogunleye,

Akinloye,

Kehinde

et al. 2024

AFR

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PurposeA correlation has been shown in the literature between credit constraints and the adoption of agricultural technologies, technical efficiencies and measures for adapting to climate change. The relationship between credit constraints, risk management strategy adoption and income, however, is not well understood. Consequently, the purpose of this study was to investigate how credit constraints affect the income and risk management practices adopted by Northern Nigerian maize farmers.Design/methodology/approachCross-sectional data were collected from 300 maize farmers in Northern Nigeria using a multi-stage sampling technique. Descriptive statistics, seemingly unrelated regression and double hurdle regression models were the analysis methods.FindingsThe results showed that friends and relatives, banks, “Adashe”, cooperatives and farmer groups were the main sources of credit in the study area. The findings also revealed that the sources of risk in the study area included production risk, economic risk, financial risk, institutional risk, technological risk and human risk. In addition, the risk management strategies used to mitigate observed risks were fertilizer application, insecticides, planting of disease-resistant varieties, use of herbicides, practising mixed cropping, modern planning, use of management tools as well as making bunds and channels. Furthermore, we found that interest rate, farm size, level of education, gender and marital status were significant determinants of statuses of credit constraints while the age of the farmer, gender, household size, primary occupation, access to extension services and income from maize production affected the choice and intensity of adoption of risk management strategies among the farmers.Research limitations/implicationsThe study concluded that credit constrained status condition of farmers negatively affected the adoption of some risk management strategies and maize farmers’ income.Practical implicationsThe study concluded that credit constrained status condition of farmers negatively affected the adoption of some risk management strategies and maize farmers’ income. It therefore recommends that financial service providers should be engaged to design financial products that are tailored to the needs of smallholder farmers in the study area.Originality/valueThis paper incorporates the role of constraints in influencing farmers’ decisions to uptake credits and subsequently their adoption behaviours on risk management strategies. The researcher approached the topic with a state-of-the-art method which allows for obtaining more reliable results and hence more specific contributions to research and practice.

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Development of a trading strategy for risk-averse investors based on VaR models

Cicmil¹,

Đaković²,

Inđić³

2022

Ekonomika

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In this paper various topics related to programming, statistics and financial modelling were addressed with the main idea of establishing a trading strategy. As discussed in the paper, no research has been done on this topic. On the other hand, much research has been done on which model is better, which distribution or confidence level is more appropriate or provides better forecasting capabilities. No one has investigated whether these differences could lead to a development of trading strategy. The paper starts with a definition of the gap in literature and practice. Then the research methodology is outlined in detail. Formulas and parameters are defined and presented. The main conclusion of this paper is the importance of GARCH VaR and the possibility of creating trading strategies. As long as the difference between the GARCH VaR and the other two VaRs does not exceed 1.5%, there is no need to leave the market. Should this situation change, one should leave the market as long as these differences do not fall below 1.50%.

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Assessment of crop farmers' attitude to risk and management methods in Oyo State, Nigeria

Cited by 3 publications

References 16 publications

Analysis of rice production and the impacts of the usage of certified seeds on yield and income in Côte d'Ivoire

Analysis of rice production and the impacts of the usage of certified seeds on yield and income in Côte d'Ivoire

Impacts of credit constraints on adoption of risk management strategies and income of maize farmers in Northern Nigeria

Development of a trading strategy for risk-averse investors based on VaR models

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