A Multivariate Probit Analysis of Factors Affecting Risk Management Strategy Choices in Dried Apricot Farming

Authors

DOI:

https://doi.org/10.24925/turjaf.v8i11.2482-2490.3935

Keywords:

Dried apricot, Risk attitude, Multivariate probit, Malatya, Relative risk averse

Abstract

Dried apricot farms face many risks and uncertainties in Malatya, which is not only Turkey's but also the largest apricot production region in the world. Despite one of the major factors affecting farm efficiency, it was insufficient study on risk management in Malatya and even Turkey. The main purpose of the study was to measure the risk averse of dried apricot farms and to analyze of the factors affecting risk management strategies use of the dried apricot farms where an extensive production zone in Malatya. In the study, data collected from randomly selected 71 farms using questionnaires were used. The risk averse (attitude) coefficients of farmers were estimated by the “equally likely certainty equivalent” method. The factors affecting the risk management strategies choise were estimated using Multivariate Probit Model.

Published

28.11.2020

How to Cite

Gündüz, O., Aslan, A., Ceyhan, V., & Bayramoğlu, Z. (2020). A Multivariate Probit Analysis of Factors Affecting Risk Management Strategy Choices in Dried Apricot Farming. Turkish Journal of Agriculture - Food Science and Technology, 8(11), 2482–2490. https://doi.org/10.24925/turjaf.v8i11.2482-2490.3935

Issue

Section

Research Paper

Most read articles by the same author(s)

1 2 > >>