Risk management strategies adopted by small-scale vegetable farmers in Thaba Chweu Local Municipality, Mpumalanga Province in South Africa

Mokhaukhau, Jenny Potsiso

doi:10.17306/j.jard.2020.01226

Cited by 2 publications

(1 citation statement)

References 16 publications

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“…Risk mitigation strategy is to reduce the potential impact of risk. Examples of risk management strategies are crop rotation, using pesticides, crop sharing, crop insurance, forward contract and diversification (Mokhaukhau, 2020). Risk coping strategy is to relieve the impact of the risk once it has occurred.…”

Section: Agriculture Risk Management Processmentioning

confidence: 99%

Agriculture Risk Management: A Case Study on Rock Melon Farm in Sepang, Selangor, Malaysia

Bakar¹,

Sum²

2020

Food.agr.manag.

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The objectives of this study are to identify risks faced by farmers in agriculture project and investigate their risk management practices. The subject of investigation was a rock melon farm in Sepang, Selangor Malaysia. The participants consisted of four farmers and two officers. Data was collected using semi-structured interview questions and analyzed using content analysis. The study finds agriculture risk management can be divided into two groups: agriculture project risks and agriculture production risks. Agriculture project risks are events causing project failure. The risks are created by farmers and risks arise from project operations Risk factors created by farmers are farmers' attitude, lack of knowledge/training, lack cooperation among farmers and farmer refuse to follow procedures. Risk factors from operations are farm management, insufficient fund/capital, undiversified farm activities, failure to achieve KPI and follow procedures. Agriculture production risks are events causing low productions. The risks arise from machineries efficiency and farming technologies. Risk factors for machinery efficiency are immature machineries technology, and suitability of machines for local crops and small farm size. Risk factors for technology are unsuitable technology for local farming, technology too expensive for small farm and technology transfers from developed countries. The participants view risk management process as consisted of risk identification, risk evaluation/risk analysis, risk assessment and risk treatment. Their risk management strategies to mitigate risks are production diversification, keeping a logbook on farming activities, obtaining skill and knowledge in farm management, job multitasking by farmers and having a comprehensive risk management guidelines.

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Section: Agriculture Risk Management Processmentioning

confidence: 99%

Agriculture Risk Management: A Case Study on Rock Melon Farm in Sepang, Selangor, Malaysia

Bakar¹,

Sum²

2020

Food.agr.manag.

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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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Risk management strategies adopted by small-scale vegetable farmers in Thaba Chweu Local Municipality, Mpumalanga Province in South Africa

Cited by 2 publications

References 16 publications

Agriculture Risk Management: A Case Study on Rock Melon Farm in Sepang, Selangor, Malaysia

Agriculture Risk Management: A Case Study on Rock Melon Farm in Sepang, Selangor, Malaysia

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

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