Factors explaining the adoption of risk management instruments in mediterranean irrigated agriculture
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URI: http://hdl.handle.net/10317/10455ISBN: 978-84-17853-43-3
DOI: 10.31428/10317/10455
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WEARE-Water, Environmental and Agricultural Resources Economics Research Group, University of Cordoba, SpainÁrea de conocimiento
Economía, Sociología y Política AgrariaRealizado en/con
Universidad Politécnica de CartagenaFecha de publicación
2021Editorial
Universidad Politécnica de CartagenaCita bibliográfica
Gómez Limón, José A.; Sánchez Cañizares, Sandra M.; Guerrero Baena, M. Dolores. Factors explaining the adoption of risk management instruments in mediterranean irrigated agriculture. En: XIII Congreso de Economía Agroalimentaria. Cartagena. 1-3 de septiembre 2021. Cartagena: Universidad Politécnica de Cartagena, 2021. Pp. 249-252. ISBN: 978-84-17853-43-3Palabras clave
Economía AgroalimentariaAdoption decisions
Hierarchical cluster analysis
Multivariate probit
Risk perception
Risk preferences
Resumen
Agriculture is highly impacted by different sources of risk. There is a wide variety of management instruments that farmers can use to cover these risks. The objective of this paper is to analyze the explanatory variables for the simultaneous adoption of a large set of risk management instruments. The main innovation is the methodological approach: first, we apply a hierarchical cluster analysis to identify the groups of instruments whose adoption is correlated; second, we use multivariate probit models to analyze the influence of different factors on the simultaneous adoption of the instruments included in each cluster. Explanatory variables capture farmers’ socio-demographic features, perception of risks, risk aversion and subjective perception of past risk experience; farms’ technical-economic characteristics; and perception of local-level climate change. The results show that there are significant differences in the variables influencing the adoption of the risk management instruments. ...
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