Factors explaining the adoption of risk management instruments in mediterranean irrigated agriculture
- Autores: José Antonio Gómez-Limón Rodríguez, Sandra Sánchez Cañizares, Mª Dolores Guerrero Banea
- Localización: XIII Congreso de Economía Agroalimentaria / coord. por María Dolores de Miguel Gómez; Narciso Arcas Lario (dir.), 2021, ISBN 978-84-17853-43-3, págs. 249-252
- Idioma: inglés
- Enlaces
-
Resumen
Agriculture is highly impacted by different sources of risk. There is a wide variety of management instruments that farmers can use to cover these risks. The objective of this paper is to analyze the explanatory variables for the simultaneous adoption of a large set of risk management instruments. The main innovation is the methodological approach: first, we apply a hierarchical cluster analysis to identify the groups of instruments whose adoption is correlated; second, we use multivariate probit models to analyze the influence of different factors on the simultaneous adoption of the instruments included in each cluster. Explanatory variables capture farmers’ socio-demographic features, perception of risks, risk aversion and subjective perception of past risk experience; farms’ technical-economic characteristics; and perception of local-level climate change. The results show that there are significant differences in the variables influencing the adoption of the risk management instruments. ...
