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Abstract: This study examines whether the decision of crop diversification for perennial crops is based on underlying risk attitudes and time preferences. We conducted incentivised field experiments on Sumatra Island, Indonesia, involving farmers who cultivate rubber and farmers who cultivated...
Persistent link: https://www.econbiz.de/10012002544
by large private and public companies, it is expected that smallholders will outnumber large estates in the near future …. For policy formulation it is hence important to better understand who these smallholders are and why they have started to … production areas for oil palm, to analyse smallholders' decision making by combining qualitative, quantitative, and experimental …
Persistent link: https://www.econbiz.de/10011325921
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This cross-country study compares risk and time preferences of farmers from two lower-middle income countries, India and Indonesia. Current literature mainly focuses on a single country context; however, this study involves more than one country. Hence, we could investigate whether the...
Persistent link: https://www.econbiz.de/10012213649
involved 636 smallholders. We found that price premiums and the provision of context-specific environmental information reduce … be used to estimate the participation of smallholders in more sustainable farming practices within the scheme of SPO …
Persistent link: https://www.econbiz.de/10011894285
In this study, we experimentally analyze the investment behavior of smallholder farmers in Uganda. We consider a problem of optimal stopping, stylizing an option to invest in a project. We ascertain whether, and to what extent, the real options approach and the classical investment theory can...
Persistent link: https://www.econbiz.de/10010235112
Financial institutions still neglect to address agricultural clients. The main reasons for that are their perception that farmers bear higher risks than non-farmers and that their loan products are inadequate to accommodate the needs of agricultural entrepreneurs. As a result, many farmers still...
Persistent link: https://www.econbiz.de/10010349044
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Persistent link: https://www.econbiz.de/10012875706
Most researchers who analyze producers’ preferences under uncertainty report that producers are averse towards risk and ambiguity scenarios. This aversion has an influence on producers’ decision-making processes; hence the relevance of determining and analyzing these preferences as a key...
Persistent link: https://www.econbiz.de/10012545530