Arbeitspapier

Risk Aversion among Smallholder High-value Crop Farmers in the Southern Philippines

Several elicitation techniques were employed to gauge the attitudes to risk of smallholder high-value crop farmers in the southern Philippines. Results showed varying degrees of risk aversion, neutrality, and preference among smallholder farmers. Although some of the techniques classified distinct groups of local growers as either risk-averse or risk-preferring, the estimated risk aversion coefficients were relatively low signifying an inclination toward risk neutrality. These may partly explain the degree of openness or non-openness of smallholder farmers to cultural changes and development interventions. Variations in farmers' risk attitude classification among the different elicitation methods indicate the need for further validation studies and more definitive evaluation standards.

Language
Englisch

Bibliographic citation
Series: PIDS Discussion Paper Series ; No. 2015-03

Classification
Wirtschaft
Subject
Philippines
risk attitude elicitation
farmers' risk aversion
smallholder high-value crop farming

Event
Geistige Schöpfung
(who)
Domingo, Sonny N.
Parton, Kevin A.
Mullen, John
Jones, Randall
Event
Veröffentlichung
(who)
Philippine Institute for Development Studies (PIDS)
(where)
Makati City
(when)
2015

Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Domingo, Sonny N.
  • Parton, Kevin A.
  • Mullen, John
  • Jones, Randall
  • Philippine Institute for Development Studies (PIDS)

Time of origin

  • 2015

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