Utility Analysis in a Practical Setting

Officer, R.R.; Halter, A. N.

doi:10.2307/1237541

Cited by 117 publications

(47 citation statements)

References 22 publications

(14 reference statements)

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“…This finding confirmed the results from some previous studies (Officer and Halter 1968;Lin et al 1974;Conklin et al 1977;Moscardi and Janvry 1977;Brink and McCarl 1978;Dillon and Scandizzo 1978;Binswanger 1980;Binswanger 1981;Elamin and Rogers 1992;Ceyhan et al 1997;Akçaöz and Akdemir 2001;Karahan 2002).…”

Section: Risk Attitudes Of Organic and Conventional Hazelnut Producerssupporting

confidence: 91%

Risk Attitudes of Organic and Conventional Hazelnut Producers in Turkey

Demiryürek

Ceyhan

Bozoğlu

2012

Human and Ecological Risk Assessment: An International Journal

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Understanding farmers' attitudes and responses to agricultural risks is important for designing financial support services and effective extension activities. Risk attitudes of farmers are also one of the critical barriers for conversion to organic agriculture. Few studies have been conducted to explore and compare risk perceptions between organic and conventional farmers. The purposes of this research were to elicit and compare the risk attitudes of organic and conventional Turkish hazelnut producers and to determine the barriers additional to their risk attitudes toward conversion to organic agriculture in the Terme district of Samsun, Turkey. The Equally Likely Certainty Equivalent (ELCE) model was used to elicit responses from producers. The data used in this study were collected by using a structured questionnaire administered to both 64 randomly selected conventional hazelnut producers and all organic hazelnut producers (39) in the research area. Research results revealed that organic hazelnut producers were less risk averse than conventional producers. It was also found that the variables of education level of operators, farm income, total assets, time allocated outside the farm, farm land area, size of hazelnut orchard, number of hazelnut plots, and total information score were other barriers for conversion to organic hazelnut production, in addition to the producers' risk attitudes. Providing better extension services and farmers' training activities relating to organic agriculture and land consolidation, focusing on raising the educational level of producers, facilitating producers with greater access to credit to increase farm land and to enhance farm assets are factors that may accelerate the process of conversion to organic hazelnut production.

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Section: Risk Attitudes Of Organic and Conventional Hazelnut Producerssupporting

confidence: 91%

Risk Attitudes of Organic and Conventional Hazelnut Producers in Turkey

Demiryürek

Ceyhan

Bozoğlu

2012

Human and Ecological Risk Assessment: An International Journal

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“…Existing theory and empirical analysis from agricultural economics and land change science suggest that current patterns of land use are the aggregate outcome of individual farmers acting to maximize their utility, given the assets they are endowed with (Officer andHalter 1968, Walker 2004). These studies typically focus on a narrow set of assets, including land, labor, and manufactured capital, concluding that the relative abundance of these key assets within a particular region plays a pivotal role in determining regional (and intra-household) land use choices.…”

Section: Background and Hypothesesmentioning

confidence: 99%

Explaining the persistence of low income and environmentally degrading land uses in the Brazilian Amazon

Garrett¹,

Gardner²,

Morello³

et al. 2017

E&S

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ABSTRACT. Tropical forests continue to be plagued by the dual sustainability challenges of deforestation and rural poverty. We seek to understand why many of the farmers living in the Brazilian Amazon, home to the world's largest tropical agricultural-forest frontier, persist in agricultural activities associated with low incomes and high environmental damage. To answer this question, we assess the factors that shape the development and distribution of agricultural activities and farmer well-being in these frontiers. Our study utilizes a uniquely comprehensive social-ecological dataset from two regions in the eastern Brazilian Amazon and employs a novel conceptual framework that highlights the interdependencies between household attributes, agricultural activities, and well-being. We find that livestock production, which yields the lowest per hectare incomes, remains the most prevalent land use in remote areas, but many examples of high income fruit, horticulture, and staple crop production exist on small properties, particularly in peri-urban areas. The transition to more profitable land uses is limited by lagging supply chain infrastructure, social preferences, and the fact that income associated with land use activities is not a primary source of perceived life quality. Instead subjective well-being is more heavily influenced by the nonmonetary attributes of a rural lifestyle (safety, tranquility, community relations, etc.). We conclude that transitions away from low-income land uses in agricultural-forest frontiers of the Brazilian Amazon need not abandon a land-focused vision of development, but will require policies and programs that identify and discriminate households based on a broader set of household assets, cultural attributes, and aspirations than are traditionally applied. At a broader scale, access to distant markets for high value crops must be improved via investments in processing, storage, and marketing infrastructure.

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“…Experiments and hypothetical alternatives are usually used to determine risk aversion using this method. This approach was used by Offi cer and Halter (1968), Lin et al (1974), Webster and Kennedy (1975), Dillon and Scandizzo (1978), Halter and Mason (1978), Young (1979) and Collins et al (1991). The second approach stands on a position that risk aversion is a latent feature and can be observed only indirectly (for example through observing farmers' investment activities).…”

Section: Risk Perception and Risk Aversion Among Farmersmentioning

confidence: 99%

Farmers’ risk perception, risk aversion and strategies to cope with production risk: an empirical study from Poland

Sulewski¹,

Kłoczko-Gajewska²

2014

stagec

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Agriculture is an activity burdened with multiple risk factors, some of which are related to the biological nature of production. Climate change, liberalisation of international agricultural trade and changes in the agricultural support system mean that the importance of risk in agriculture will increase. This means that increasing attention will be given to risk management at the farm level, although implementation of the appropriate risk management strategy is connected to farmers' perception of, and aversion to, risk. This study, which integrates these three aspects of risk in agriculture, is based on data collected from almost 600 participant farms from the Polish FADN system. It was shown that drought is perceived by farmers as the main factor of risk in production in Poland. Polish farmers are rather risk averse, but a little more in terms of their personal health and less in the case of the farm. The analysis showed that the following factors increased the level of risk aversion of Polish farmers: debt ratio, losses in production in previous years, soil quality and concentration on fi nancial independence as a hierarchy of priorities. The most important risk-coping strategy was crop insurance. Knowledge of farmers' perception of risk, risk aversion and preferred risk management strategies is essential for creating policy instruments to support agricultural risk management, and for the development of training programmes tailored to the needs of farmers.

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Utility Analysis in a Practical Setting

Cited by 117 publications

References 22 publications

Risk Attitudes of Organic and Conventional Hazelnut Producers in Turkey

Risk Attitudes of Organic and Conventional Hazelnut Producers in Turkey

Explaining the persistence of low income and environmentally degrading land uses in the Brazilian Amazon

Farmers’ risk perception, risk aversion and strategies to cope with production risk: an empirical study from Poland

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