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Risk analysis in innovation system: a case - study of production of Vitamin A cassava variety among farmers in Nigeria

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  • Ayinde, O.E.

Abstract

Every innovation is targeted towards adoption; a process which involves several levels of risks. Bio-fortified Vitamin A cassava variety is an innovation targeted not only to solve the yield of farmers but to increase the nutritional intake of Nigerian household. The research specifically seeks to investigate; the risks involved in the adoption of vitamin A cassava variety; the risk attitude of cassava farmers; and the factors that affect farmers risk attitude to the production of vitamin A cassava. 4-stage random sampling procedure was used to primarily select 240 farmers; descriptive statistics, Likert scale, Safety first utility approach and ordinary least square regression model were the tool of analysis. The study revealed that risks involved in adoption of the cassava variety include animal invasion, price fluctuation, and poor storage facilities. Majority of the farmers 88.3% are risk neutral, only 16% are risk takers; it also revealed that age, income from other activities and estimated annual income are the determinants of risk attitude. It is therefore recommended that; effort should be geared toward making adequate vitamin A bio-fortified cassava varieties available to young farmers; grazing reserved should be provided to reduce the risk and effort should be intensified to reduce price volatility for improved products

Suggested Citation

  • Ayinde, O.E., 2016. "Risk analysis in innovation system: a case - study of production of Vitamin A cassava variety among farmers in Nigeria," 2016 Fifth International Conference, September 23-26, 2016, Addis Ababa, Ethiopia 249326, African Association of Agricultural Economists (AAAE).
    • Handle: RePEc:ags:aaae16:249326
    DOI: 10.22004/ag.econ.249326
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    References listed on IDEAS

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    1. Jutta Roosen & David A. Hennessy, 2003. "Tests for the Role of Risk Aversion on Input Use," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(1), pages 30-43.
    2. Frank Ellis, 2000. "The Determinants of Rural Livelihood Diversification in Developing Countries," Journal of Agricultural Economics, Wiley Blackwell, vol. 51(2), pages 289-302, May.
    3. Mwangi, Wilfred & Mwabu, Germano & Nyangito, Hezron Omare, 2006. "Does Adoption of Improved Maize Varieties Reduce Poverty? Evidence from Kenya," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25376, International Association of Agricultural Economists.
    4. Edgardo Moscardi & Alain de Janvry, 1977. "Attitudes Toward Risk Among Peasants: An Econometric Approach," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(4), pages 710-716.
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    Cited by:

    1. A Kolapo & OV Ogunyemi & OM Ologundudu & IA Adekunle & MO Akinloye & F Komolehin, 2021. "Farmers’ choice of varieties and demand for improved cassava stems in Nigeria," International Journal of Agricultural Research, Innovation and Technology (IJARIT), IJARIT Research Foundation, vol. 11(2), December.
    2. Akanbi, Sheu-Usman Oladipo & Adekunle, Adedayo Olufemi & Mukaila, Ridwan & Isola, Abiodun Johnson, 2022. "Assessment of Crop Farmers' Attitude to Risk and Management Methods in Oyo State, Nigeria," Western Balkan Journal of Agricultural Economics and Rural Development (WBJAERD), Institute of Agricultural Economics, vol. 4(1), June.

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    Crop Production/Industries; Research and Development/Tech Change/Emerging Technologies;

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