Advanced Search
MyIDEAS: Login to save this paper or follow this series

Assessing farmers' risk attitudes based on economic, social, personal, and environmental sources of risk: evidence from Sweden

Contents:

Author Info

  • Lagerkvist, Carl Johan
Registered author(s):

    Abstract

    This paper examines farmers'’ risk attitudes, obtained by responses to sources of risk, using an attitudinal scale approach. Economic, social, personal, and environmental sources of risk are considered in the measurement of risk attitudes. In addition, use of various types of expertise and information sources are included as risk management tools. Inferences are drawn from results of a survey mailed to a representative random sample of 500 farmers drawn from the population of medium to large farms (by acreage) in southern Sweden. Regarding the adequacy of the results it was found that a mail survey produces results similar to earlier results obtained by personal interview. Farmers'’ responses to the attitudinal scales showed levels of communal variation between 80 and 83%, which is higher than the result reported by Bard and Barry (2000) (68.6%). This indicates that a broader field of risk sources improves the measurement of risk attitudes. The results further indicate a slight degree of risk aversion and that crop and livestock farmers use different sets of risk management tools, depending on their risk attitudes. The results of this work are of relevance because if attitudes induce risk response, then the communication approaches for extension services or policy makers will be very different than if it is ‘'risk'’, as that word is typically used.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://purl.umn.edu/19361
    Download Restriction: no

    Bibliographic Info

    Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2005 Annual meeting, July 24-27, Providence, RI with number 19361.

    as in new window
    Length:
    Date of creation: 2005
    Date of revision:
    Handle: RePEc:ags:aaea05:19361

    Contact details of provider:
    Postal: 555 East Wells Street, Suite 1100, Milwaukee, Wisconsin 53202
    Phone: (414) 918-3190
    Fax: (414) 276-3349
    Email:
    Web page: http://www.aaea.org
    More information through EDIRC

    Related research

    Keywords: Risk and Uncertainty;

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Bard, Sharon K. & Barry, Peter J., 2001. "Assessing Farmers' Attitudes Toward Risk Using The "Closing-In" Method," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 26(01), July.
    2. Lien, Gudbrand, 2002. "Non-parametric estimation of decision makers' risk aversion," Agricultural Economics, Blackwell, vol. 27(1), pages 75-83, May.
    3. Henry Kaiser, 1958. "The varimax criterion for analytic rotation in factor analysis," Psychometrika, Springer, vol. 23(3), pages 187-200, September.
    4. Fraser, R. W. & Lekakis, J. N., 2003. "Risk Management and the Environment: Agriculture in Perspective," Staff General Research Papers 10594, Iowa State University, Department of Economics.
    5. Rulon D. Pope, 2003. "Agricultural Risk Analysis: Adequacy of Models, Data, and Issues," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(5), pages 1249-1256.
    6. Moschini, GianCarlo & Hennessy, David A., 2001. "Uncertainty, Risk Aversion, and Risk Management for Agricultural Producers," Staff General Research Papers 5323, Iowa State University, Department of Economics.
    7. Lindon J. Robison & Jan L. Flora, 2003. "The Social Capital Paradigm: Bridging across Disciplines," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(5), pages 1187-1193.
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:ags:aaea05:19361. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.