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Where do risks in shrimp farming come from? Empirical results from small farmers in East Java, Indonesia

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  • Lestariadi, Riski A.
  • Yamao, Masahiro

Abstract

This study was conducted to explore small-scale shrimp farmers’ perception of risk and risk management. The data used originated from a field survey in the southern and northern coasts of East Java, Indonesia. According to the results, there are 32 risk sources, including shrimp price volatility and high mortality due to shrimp diseases as the most important ones. The exploratory factor analysis showed that the risks in small-scale shrimp farming derived from 8 factors: input and pond preparation; finance and credit access; production; personal aspects; harvesting and marketing; weather and environment; policy and institutional aspects; and business environment. The results also revealed that the shrimp farmers’ perception of risk could significantly influence their risk management behavior. Furthermore, nine factors were identified for risk management strategies, including disease prevention; education and technology improvement; production inputs; farm management; government support; risk sharing and insurance; financial aspects; household adjustment; and alternative income sources.

Suggested Citation

  • Lestariadi, Riski A. & Yamao, Masahiro, . "Where do risks in shrimp farming come from? Empirical results from small farmers in East Java, Indonesia," Journal of Agribusiness and Rural Development, University of Life Sciences, Poznan, Poland, vol. 47(1).
    • Handle: RePEc:ags:pojard:355931
    DOI: 10.22004/ag.econ.355931
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    File URL: https://ageconsearch.umn.edu/record/355931/files/Risk.pdf
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    References listed on IDEAS

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    1. Kinfe Gebreegziabher & Tewodros Tadesse, 2014. "Risk perception and management in smallholder dairy farming in Tigray, Northern Ethiopia," Journal of Risk Research, Taylor & Francis Journals, vol. 17(3), pages 367-381, March.
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    3. Ole Jakob Bergfjord, 2009. "Risk perception and risk management in Norwegian aquaculture," Journal of Risk Research, Taylor & Francis Journals, vol. 12(1), pages 91-104, January.
    4. Dewan Ali Ahsan, 2011. "Farmers' motivations, risk perceptions and risk management strategies in a developing economy: Bangladesh experience," Journal of Risk Research, Taylor & Francis Journals, vol. 14(3), pages 325-349, March.
    5. World Bank, 2014. "Reducing Disease Risk in Aquaculture," World Bank Publications - Reports 18936, The World Bank Group.
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    1. Joffre, Olivier M. & Poortvliet, P. Marijn & Klerkx, Laurens, 2019. "To cluster or not to cluster farmers? Influences on network interactions, risk perceptions, and adoption of aquaculture practices," Agricultural Systems, Elsevier, vol. 173(C), pages 151-160.

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