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Characteristics and implications of risk averse farmers
There are different ways to measure risk preferences in agricultural economics. In this thesis, a dataset is used where risk preferences were elicited using a multiple price list lottery with fruit growers in Switzerland. The dataset also contains self-assessment of producers risk preferences.
Keywords: Risk preferences
Methods: Literature review on risk preferences, summary statistics on elicited risk preferences per fruit, clustering between risk loving and risk averse based on the elicited risk preferences variable. Statistical analysis. The dataset used is published here https://www.sciencedirect.com/science/article/pii/S2352340919302719#mmc1
Literature:
Iyer, P., M. Bozzola, S. Hirsch, M. Meraner and R. Finger (2019). "Measuring Farmer Risk Preferences in Europe: A Systematic Review." Journal of Agricultural Economics.
Knapp, L., E. Bravin and R. Finger (2018). "DROSOPHRISK: Data from surveys on agricultural risk management strategies in Switzerland in response to Drosophila suzukii."
Menapace, L., G. Colson and R. Raffaelli (2015). "A comparison of hypothetical risk attitude elicitation instruments for explaining farmer crop insurance purchases." European Review of Agricultural Economics 43(1): 113-135.
Meraner, M. and R. Finger (2019). "Risk perceptions, preferences and management strategies: evidence from a case study using German livestock farmers." Journal of Risk Research 22(1): 110-135.
Methods: Literature review on risk preferences, summary statistics on elicited risk preferences per fruit, clustering between risk loving and risk averse based on the elicited risk preferences variable. Statistical analysis. The dataset used is published here https://www.sciencedirect.com/science/article/pii/S2352340919302719#mmc1
Literature: Iyer, P., M. Bozzola, S. Hirsch, M. Meraner and R. Finger (2019). "Measuring Farmer Risk Preferences in Europe: A Systematic Review." Journal of Agricultural Economics.
Knapp, L., E. Bravin and R. Finger (2018). "DROSOPHRISK: Data from surveys on agricultural risk management strategies in Switzerland in response to Drosophila suzukii."
Menapace, L., G. Colson and R. Raffaelli (2015). "A comparison of hypothetical risk attitude elicitation instruments for explaining farmer crop insurance purchases." European Review of Agricultural Economics 43(1): 113-135.
Meraner, M. and R. Finger (2019). "Risk perceptions, preferences and management strategies: evidence from a case study using German livestock farmers." Journal of Risk Research 22(1): 110-135.
Research question: What are the farm and farmer characteristics of farmers in the risk loving cluster and risk averse cluster?
The goal of the thesis is to group farmers based on the elicited risk preferences and highlight farm and farmer characteristics which allow describing these groups. Thus, we aim to characterize which producers are risk averse and which not. Moreover, risk preferences are connected with farmers production and risk management decisions
Research question: What are the farm and farmer characteristics of farmers in the risk loving cluster and risk averse cluster? The goal of the thesis is to group farmers based on the elicited risk preferences and highlight farm and farmer characteristics which allow describing these groups. Thus, we aim to characterize which producers are risk averse and which not. Moreover, risk preferences are connected with farmers production and risk management decisions