IDEAS home Printed from
   My bibliography  Save this paper

Economic Perspectives of the Diversity of Risks among Crop Farmers in the Northern Guinea Savanna of Nigeria


  • Olarinde, Luke O.
  • Manyong, Victor M.
  • Akintola, J.O.


In this paper, we examine the diversity of risks that affect farming in the Northern Guinea Savanna of Nigeria. We also investigate the perspectives of these risks in relation to their economic implications on the farming enterprises. We also show that through reorganization of these risks, some derived factors have the ability to present themselves whether as corresponding to existing categorization of the variables or not and also to enable us know which of the factors is more important than the other. Gross margin and factor analytical methods were used in computing the estimated results on a cross sectional sample of 348 farming households. Results show that farmers who were grouped under natural risk incurred the least mean production cost of N11, 115.61, while the highest mean production cost of N 15,998.18 was incurred by farmers grouped under production risks. The highest mean revenue of N18, 998.16 was recorded by farmers under production risk which translated into a mean gross margin of N65, 999.85. Verifying whether some derived factors would correspond to the existing categorization of 14 risk types (from 5 sources) which the farmers faced, results from the factor analysis and the consequent F-tests from ANOVA show no marked or significant differences among the identified factors and the existing risk sources. Consequently, the individual effect or importance of the original 14 risk types that the sampled farmers considered important can be dully represented and effectively regrouped into five sources (factors) as natural, technical, social, ecosocial and biochemical.

Suggested Citation

  • Olarinde, Luke O. & Manyong, Victor M. & Akintola, J.O., 2010. "Economic Perspectives of the Diversity of Risks among Crop Farmers in the Northern Guinea Savanna of Nigeria," 2010 AAAE Third Conference/AEASA 48th Conference, September 19-23, 2010, Cape Town, South Africa 96821, African Association of Agricultural Economists (AAAE);Agricultural Economics Association of South Africa (AEASA).
  • Handle: RePEc:ags:aaae10:96821

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Harwood, Joy L. & Heifner, Richard G. & Coble, Keith H. & Perry, Janet E. & Somwaru, Agapi, 1999. "Managing Risk in Farming: Concepts, Research, and Analysis," Agricultural Economics Reports 34081, United States Department of Agriculture, Economic Research Service.
    Full references (including those not matched with items on IDEAS)

    More about this item


    Risk and Uncertainty;

    NEP fields

    This paper has been announced in the following NEP Reports:


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaae10:96821. 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). General contact details of provider: .

    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 CitEc recognized a reference but did not link an item in RePEc 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.