How do the decisions of farmers, financial institutions, and government agencies interact and affect agricultural investment and output in a region - and to what extent are these"actors"influenced by a region's location and agroclimactic endowments (for example, rainfall or the soil's...

Despite the growing evidence that farmers in low-income environments are risk-averse, there has been little empirical evidence on the importance of risk in shaping the actual allocation of production resources among farmers differentiated by wealth. The authors use panel data on investments in...