Analysing Smallholder Farmers' Adoption of New Technology Under the Consideration of Risk Attitudes and Time Preferences

Analysing Smallholder Farmers' Adoption of New Technology Under the Consideration of Risk Attitudes and Time Preferences
Author: Arieska Wening Sarwosri
Publisher:
Total Pages: 0
Release: 2021
Genre:
ISBN:

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Technology adoption in agriculture plays a vital role in coping with exponential population growth. Since the Green Revolution in the 1960s, researchers have been extensively investigating issues and challenges in technology adoption. These issues are more complex in developing countries due to poverty and shortcomings in agricultural insurances. Poor farmers who are risk-averse and favor a higher discount rate tend to opt-out from adopting the innovations, causing poverty-traps. Emerging attention on environmental degradation from customers in more developed countries also gives pressure t...

Analysing Smallholder Farmers' Adoption of New Technology Under the Consideration of Risk Attitudes and Time Preferences

Analysing Smallholder Farmers' Adoption of New Technology Under the Consideration of Risk Attitudes and Time Preferences
Author: Arieska Wening Sarwosri
Publisher:
Total Pages:
Release: 2021
Genre:
ISBN:

Download Analysing Smallholder Farmers' Adoption of New Technology Under the Consideration of Risk Attitudes and Time Preferences Book in PDF, Epub and Kindle

Technology adoption in agriculture plays a vital role in coping with exponential population growth. Since the Green Revolution in the 1960s, researchers have been extensively investigating issues and challenges in technology adoption. These issues are more complex in developing countries due to poverty and shortcomings in agricultural insurances. Poor farmers who are risk-averse and favor a higher discount rate tend to opt-out from adopting the innovations, causing poverty-traps. Emerging attention on environmental degradation from customers in more developed countries also gives pressure t...

Risk and Ambiguity Preferences and the Adoption of New Agricultural Technologies

Risk and Ambiguity Preferences and the Adoption of New Agricultural Technologies
Author: Ward, Patrick S.
Publisher: Intl Food Policy Res Inst
Total Pages: 34
Release:
Genre: Social Science
ISBN:

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Advances in agricultural development have largely been a direct result of increased usage of new technologies. Among other important factors, farmers’ perceptions of risks associated with the new technology as well as their ability or willingness to take risks greatly influences their adoption decisions. In this paper we conduct a series of field experiments in rural India in order to measure preferences related to risk, potential loss, and ambiguity. Disaggregating by gender, we find that on average women are significantly more risk averse and loss averse than men, though the higher average risk aversion arises due to a greater share of women who are extremely risk averse.

The gap between technology awareness and adoption in Sub-Saharan Africa: A literature review for the DeSIRA project

The gap between technology awareness and adoption in Sub-Saharan Africa: A literature review for the DeSIRA project
Author: Kazembe, Cynthia
Publisher: Intl Food Policy Res Inst
Total Pages: 10
Release: 2021-03-02
Genre: Political Science
ISBN:

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This paper reviews different studies on technology adoption in sub-Saharan Africa to understand the determinants of low adoption of improved technologies, with a special focus on Malawi. This will in turn help explain why there is a gap between awareness and adoption of agriculture technologies. As evidenced from the results of the FGDs conducted in Malawi in 2018, despite the visible benefits of the new technologies, farmers often do not adopt or take a long time to adopt them. This creates a gap between awareness of agriculture technologies and their adoption. The existing literature from sub-Saharan Saharan Africa, demonstrates that adoption, as a decision-making process, is affected by farmers’ access to information, their financial and human capital, incentives and external programs, plus farmers’ attitude to risk.

The Economic Impact of Climate Change on Kenyan Crop Agriculture: A Ricardian Approach

The Economic Impact of Climate Change on Kenyan Crop Agriculture: A Ricardian Approach
Author: Jane Kabubo-Mariara
Publisher: World Bank Publications
Total Pages: 40
Release: 2012
Genre:
ISBN:

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This paper measures the economic impact of climate on crops in Kenya. The analysis is based on cross-sectional climate, hydrological, soil, and household level data for a sample of 816 households, and uses a seasonal Ricardian model. Estimated marginal impacts of climate variables suggest that global warming is harmful for agricultural productivity and that changes in temperature are much more important than changes in precipitation. This result is confirmed by the predicted impact of various climate change scenarios on agriculture. The results further confirm that the temperature component of global warming is much more important than precipitation. The authors analyze farmers' perceptions of climate variations and their adaptation to these, and also constraints on adaptation mechanisms. The results suggest that farmers in Kenya are aware of short-term climate change, that most of them have noticed an increase in temperatures, and that some have taken adaptive measures.

A Ricardian Analysis of the Impact of Climate Change on African Cropland

A Ricardian Analysis of the Impact of Climate Change on African Cropland
Author: Pradeep Kurukulasuriya
Publisher: World Bank Publications
Total Pages: 62
Release: 2012
Genre:
ISBN:

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This study examines the impact of climate change on cropland in Africa. It is based on a survey of more than 9,000 farmers in 11 countries: Burkina Faso, Cameroon, Egypt, Ethiopia, Ghana, Kenya, Niger, Senegal, South Africa, Zambia, and Zimbabwe. The study uses a Ricardian cross-sectional approach in which net revenue is regressed on climate, water flow, soil, and economic variables. The results show that net revenues fall as precipitation falls or as temperatures warm across all the surveyed farms. In addition to examining all farms together, the study examined dryland and irrigated farms separately. Dryland farms are especially climate sensitive. Irrigated farms have a positive immediate response to warming because they are located in relatively cool parts of Africa. The study also examined some simple climate scenarios to see how Africa would respond to climate change. These uniform scenarios assume that only one aspect of climate changes and the change is uniform across all of Africa. In addition, the study examined three climate change scenarios from Atmospheric Oceanic General Circulation Models. These scenarios predicted changes in climate in each country over time. Not all countries are equally vulnerable to climate change. First, the climate scenarios predict different temperature and precipitation changes in each country. Second, it is also important whether a country is already hot and dry. Third, the extent to which farms are irrigated is also important.

Policy Reform and Adjustment in the Agricultural Sectors of Developed Countries

Policy Reform and Adjustment in the Agricultural Sectors of Developed Countries
Author: David Blandford
Publisher: CABI
Total Pages: 284
Release: 2006
Genre: Technology & Engineering
ISBN: 1845930339

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This book explores the policy implications of growing pressures for economic adjustment in the agricultural sectors of developed countries. It starts by describing the recent history of adjustment in the food and agricultural sector and assesses the current and future pressures for adjustments and their implications. Chapters provide empirical evidence on the magnitude of future adjustment in the agricultural sector under a continuation of existing policies and analyze the factors that affect farmers' ability to adjust to economic change. The book concludes by identifying lessons to be learned from recent reforms and evaluating future policy options.

Economics of Land Degradation and Improvement – A Global Assessment for Sustainable Development

Economics of Land Degradation and Improvement – A Global Assessment for Sustainable Development
Author: Ephraim Nkonya
Publisher: Springer
Total Pages: 695
Release: 2015-11-11
Genre: Business & Economics
ISBN: 3319191683

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This volume deals with land degradation, which is occurring in almost all terrestrial biomes and agro-ecologies, in both low and high income countries and is stretching to about 30% of the total global land area. About three billion people reside in these degraded lands. However, the impact of land degradation is especially severe on livelihoods of the poor who heavily depend on natural resources. The annual global cost of land degradation due to land use and cover change (LUCC) and lower cropland and rangeland productivity is estimated to be about 300 billion USD. Sub-Saharan Africa (SSA) accounts for the largest share (22%) of the total global cost of land degradation. Only about 38% of the cost of land degradation due to LUCC - which accounts for 78% of the US$300 billion loss – is borne by land users and the remaining share (62%) is borne by consumers of ecosystem services off the farm. The results in this volume indicate that reversing land degradation trends makes both economic sense, and has multiple social and environmental benefits. On average, one US dollar investment into restoration of degraded land returns five US dollars. The findings of the country case studies call for increased investments into the rehabilitation and restoration of degraded lands, including through such institutional and policy measures as strengthening community participation for sustainable land management, enhancing government effectiveness and rule of law, improving access to markets and rural services, and securing land tenure. The assessment in this volume has been conducted at a time when there is an elevated interest in private land investments and when global efforts to achieve sustainable development objectives have intensified. In this regard, the results of this volume can contribute significantly to the ongoing policy debate and efforts to design strategies for achieving sustainable development goals and related efforts to address land degradation and halt biodiversity loss.

The Economics of Risk

The Economics of Risk
Author: Donald J. Meyer
Publisher: W.E. Upjohn Institute
Total Pages: 192
Release: 2003
Genre: Business & Economics
ISBN: 0880992689

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Annotation This book contains a collection of papers that address various aspects of risk, including riskmanagement and how it is applied to decisionmaking and the impact of risk on markets

Risk Analysis in Theory and Practice

Risk Analysis in Theory and Practice
Author: Jean-Paul Chavas
Publisher: Elsevier
Total Pages: 257
Release: 2004-07-01
Genre: Business & Economics
ISBN: 0080516335

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The objective of Risk Analysis in Theory and Practice is to present this analytical framework and to illustrate how it can be used in the investigation of economic decisions under risk. In a sense, the economics of risk is a difficult subject: it involves understanding human decisions in the absence of perfect information. How do we make decisions when we do not know some of events affecting us? The complexities of our uncertain world and of how humans obtain and process information make this difficult. In spite of these difficulties, much progress has been made. First, probability theory is the corner stone of risk assessment. This allows us to measure risk in a fashion that can be communicated among decision makers or researchers. Second, risk preferences are now better understood. This provides useful insights into the economic rationality of decision making under uncertainty. Third, over the last decades, good insights have been developed about the value of information. This helps better understand the role of information in human decision making and this book provides a systematic treatment of these issues in the context of both private and public decisions under uncertainty. Balanced treatment of conceptual models and applied analysis Considers both private and public decisions under uncertainty Website presents application exercises in Excel