Socioeconomic Characteristics of Rice Growers and Their Perceptions of Risk Management Strategies | ||
| Egyptian Journal of Agricultural Research | ||
| Article 11, Volume 99, Issue 4, December 2021, Pages 497-503 PDF (441.22 K) | ||
| Document Type: Original Article | ||
| DOI: 10.21608/ejar.2021.77530.1112 | ||
| Authors | ||
| Wardah Qamar* 1; Muhammad Younis2 | ||
| 1Adaptive Research Farm, Sheikhupura, Punjab, Pakistan | ||
| 2Punjab Agriculture Research Board, Lahore, Pakistan | ||
| Abstract | ||
| Rice crop is an important grain crop all over the world and innumerable risks can make rice crop highly vulnerable, leading to undesirable impact on crop productivity as well as farmers’ livelihood. Risk is a likelihood of a negative outcome which is capable of distorting business ideas especially when such risks are poorly managed. This paper specially examined rice farmers profile, risk sources, risk management strategies and determinants of choice of risk management strategies. Simple random sampling technique was adopted for sample selection. The collected data was analyzed by using descriptive statistics and ordered Probit regression. The likelihood ratio statistics as indicated by χ (48.50) were highly significant (P<0.0019) and this also suggested that the model has a strong explanatory power. Gender, age, extension contacts, education and farming experience were major determinants of risk management strategies. It therefore recommended the provision of accessible and affordable formal education in order to enhance farmers’ skills and productivity in rice production. | ||
| Keywords | ||
| Crop productivity; Risk management strategy; Rice production Risks; Risks in Rice Marketing; Risk Management in Rice Production | ||
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