Table Olive Farmers’ Sources of Risk and Risk Management Strategies

Abstract

Like in all Mediterranean countries, Table olive farming has an important tradition and production potential in western Turkey, and thus it is critical to assess the risk sources and risk management strategies that farmers perceive. This study identifies perceptions of risk sources and managements strategies in the region, clarifying their relative importance, as farmers perceive them, using a survey conducted among 121 selected purposefully farmers. Sociodemographics of farmers and households were identified using basic descriptive statistics, such as arithmetic means and percentages. According to factor loadings, financial and marketing risk sources are most prominent among farmers, and human-induced and production technology issues represent the most important risk management strategies. In table olive production, it will be beneficial to develop strategies such as increasing the number of trees, improving agricultural activities, increasing the awareness level of farmers on issues such as climate change and the use of new technologies.

Evaluating Willingness to Pay for Agricultural Insurance and Determinants of Agricultural Insurance Purchasing in Samsun Province of Türki̇ye

“…Government should increase the premium subsidy, which is currently 50% to enhance the insurance purchase among farmers. Similarly, Tok (2022) recommended to increase the insurance premium subsidy to 67%. Torkamani (2002), Sherrick et al (2004), Aidoo et al (2014), Ghazanfar et al (2015), Kiran and Umesh (2015), Yakubu et al (2016), Enjolras et al (2012), FAO (2005), Shi (2008), McCarthy (2003), Smith and Baquet (1996) and Makki and Somwaru (2001), respectively.…”

“…Insurance is one of the most effective risk management strategies to prevent negative outcomes of potential risks and uncertainties. Tok (2022) suggested that insurance against financial losses was one of the most important risk management strategy among farmers. Agricultural insurance aims to reduce the income instability in the agricultural sector and minimize the adverse effects of natural disasters such as droughts, hail etc.…”