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Strategies to Manage Risk and their Role in Impacting Economic Performance among Farm Households
Applied Economics and Finance
View Archive Info| Field | Value | |
| Title |
Strategies to Manage Risk and their Role in Impacting Economic Performance among Farm Households
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| Creator |
El-Osta, Hisham S.
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| Description |
Data from the 2015 ARMS and a multinomial probit regression model were used in an attempt to discern the impact of socio-economic factors on the likelihood of a farm household falling in a favorable income-wealth category delineated by above-median income and wealth levels. A primary determinant considered was the number of risk management strategies utilized by the farm household. Findings indicate that farmers who layer up the adoption of risk management strategies are most likely to secure an economic performance status characterized by ‘low-income, high-wealth’. Aging farm operators and those with college education and who operate larger sized farms are found more likely to be in the top economic performance category of ‘high-income, high-wealth’.
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| Publisher |
Redfame Publishing
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| Contributor |
—
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| Date |
2018-01-17
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://redfame.com/journal/index.php/aef/article/view/2937
10.11114/aef.v5i2.2937 |
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| Source |
Applied Economics and Finance; Vol 5, No 2 (2018); 49-64
2332-7308 2332-7294 |
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| Language |
eng
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| Relation |
http://redfame.com/journal/index.php/aef/article/view/2937/3093
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| Rights |
Copyright (c) 2018 Applied Economics and Finance
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