Risk Preferences and Coping Strategies among Poultry Farmers in Abeokuta Metropolis, Nigeria

Risk Preferences and Coping Strategies among Poultry Farmers in Abeokuta Metropolis, Nigeria

Babalola D. Akinola

Contact

Babcock University

Risk Preferences and Coping Strategies among Poultry Farmers in Abeokuta Metropolis, Nigeria

Article Fingerprint

ReserarchID

4RW21

Risk Preferences and Coping Strategies among Poultry Farmers in Abeokuta Metropolis, Nigeria Banner

AI TAKEAWAY

Connecting with the Eternal Ground

Abstract

The study analyzed the risk preferences and coping strategies among poultry farmers in Abeokuta, Nigeria. The multistage sampling technique was used to select 70 poultry farmers for the study. Data obtained were analyzed using descriptive statistics, risk behavioural and multiple regression models. Results showed that 64% of the farmers had tertiary education, 81% had previous risk experience, 76% earned above N100,000 ($ 625) monthly. Major sources of risk included market and production risks. Common risk coping strategies included increasing staff working hours and diversification of enterprise. Some 53% of the farmers are risk seekers. Factors which positively and significantly (p≤0.05) determine risk preference included age, educational level, household size, cooperatives participation, credit access and income level. It is recommended that government efforts should be directed towards reducing production and market risks; enhancing farmers’ participation in cooperatives and facilitating access to agricultural credit facilities to indirectly insure farms against risks.

References

41 Cites in Article

Reference Format

Abel Kolawole Oyebamiji,Folashade O. Oyedeji,Isaiah A. Adejoro,Babatunde Benjamin Adeleke (2000). Computational Studies of Some Hydrazone Derivatives as Antibacterial Agent: DFT and Docking Methods.
O Aina,B Omonona (2012). Nigerian Agricultural Insurance Scheme (NAIS): Prospect, achievement and problems.
J Aneke (2007). Agricultural Insurance.
S Apantaku,A Omotayo,A Oyesola (1998). Poultry Farmers' Willingness to Participate in Nigerian Agricultural Insurance Scheme in Ogun State, Nigeria.
G Aye,K Oji (2007). Effect of Poverty on Risk Attitudes of Farmers in Benue State, Nigeria.
O Ayinde,A Olarewaju,V Chimeze,K Omotesho,I Ogunlade,G Olaoye (2008). Gender-based analysis of risk management and improved technology adoption among small-scale maize farmers in Kwara State.
D Babalola,Y Babalola (2013). Economic Effects of Media Campaign against Pandemic Diseases: The Case of Bird Flu (H5N1) on Poultry Business in Ogun State, Nigeria.
P Barry,C Baker (1984). Financial Response to Risk in Agriculture.
L Bauer,D Bushe (2003). Managing risk.
Hans Binswanger (1980). Attitudes Toward Risk: Experimental Measurement in Rural India.
S Dadzie,Ndzebah,H Acquah,De-Graft (2012). Attitudes Toward Risk and Coping Responses: The Case of Food Crop Farmers at Agona Duakwa in Agona East District of Ghana.
S Dercon (2002). Income Risk, Coping Strategies, and Safety Nets.
N Eekeren,A Maas,H Saatkamp,M Verschuur (1995). Small scale poultry production in the tropics.
F Ellis (1998). Household Strategies and Rural Livelihood Diversification.
Frank Ellis (2000). The Determinants of Rural Livelihood Diversification in Developing Countries.
J Adamu,A Adam,A Yahaya,A Raji,H Abbaya,I Ogu (1988). Phenotypic correlation of body weight and morphometric measurements of two breeds of rabbit.
O Fawole,O,Fasina (2005). Factors predisposing farmers to organic fertilizer Use in Oyo State, Nigeria.
Berhanu Gebremedhin,Scott Swinton (2003). Investment in soil conservation in northern Ethiopia: the role of land tenure security and public programs.
J Hardaker,R Huirne,J Anderson,G,Lien (2004). Coping with risk in agriculture.
P Hazell,R Norton (1986). Mathematical Programming for Economic Analysis in Agriculture.
B Isiaka (1998). Livestock rearing practices and problems in Lagos.
A Mishra,M Morehart (2001). Off-farm Investment of Farm Households: A logit Analysis.
L Mikhaylova (2005). Agricultural Markets and Risk Management.
E Moscardi,A De Javry (1977). Attitude towards risk among peasants: An Econometric Approach.
Nbs (2007). Volume 34 Contents.
Nipc (2008). Nigerian investment promotion commission newsletter-a quarterly publication.
F Nnadi,J Chikaire,J Echetama,R Ihenacho,P Umunnakwe,C Utazi (2013). Agricultural insurance: A strategic tool for climate change adaptation in the agricultural sector.
P Nto,J Mbanasor,J Nwaru (2011). Analysis of Risk among Agribusiness Enterprises Investment in Abia State, Nigeria.
Matea Hanžek,Zdravka Biočina,Maja Martinović,Valentina Pirić (2009). DISRUPTIVE TIMES AND HIGHER EDUCATION IN ECONOMICS AND MANAGEMENT: IMPORTANCE OF DUAL ASSESSMENT.
J Olayemi (1995). Agricultural Policies for Sustainable Development: Nigeria's Experience. Sustainable Agriculture and Economic Development in Nigeria.
Joost Pennings,Olga Isengildina‐massa,Scott Irwin,Philip Garcia,Darrel Good (2008). Producers' complex risk management choices.
S Pender (2001). Managing Incomplete Knowledge: Why Risk Management is not Sufficient.
A Roy (1952). Safety First and the Holding of Assets.
Alain Sadoulet,Janvry De (1995). Quantitative Development Policy Analysis.
K Salimonu,A Falusi (2007). Risk preferences and resource allocation differentials of food crop farmers in Osun state, Nigeria.
I Sekar,C Ramasamy (2001). Part III.
P Scandizzo,J Dillon (1976). Peasant Agriculture and Risk Preferences in Northern Brazil: A Statistical Sampling Approach.
A Tonye,J Ikpi,D Adegeye (1977). Poultry Industry in Nigeria.
Alberto Valdes,P Konandreas (1981). Food Security For Developing Countries.
J Wik,K Holden (1998). Uncertainty, risk, and wealth and income distribution in peasant agriculture.
M Wik,T Kebede,B Olvar,S Holden (2004). On the Measurement of Risk Aversion from Experimental Data.

Download References

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Babalola D. Akinola. 2014. \u201cRisk Preferences and Coping Strategies among Poultry Farmers in Abeokuta Metropolis, Nigeria\u201d. Global Journal of Science Frontier Research - D: Agriculture & Veterinary GJSFR-D Volume 14 (GJSFR Volume 14 Issue D5).

More Citation Formats

Select Citation Style:

Download Citation

GJSFR Volume 14 Issue D5

Explore Journals Explore Volume Read This Issue

Journal Specifications

Crossref Journal DOI 10.17406/GJSFR

Print ISSN 0975-5896

e-ISSN 2249-4626

Keywords

Abeokuta coping strategies Nigeria poultry risk behavioural models risk preference

Submission ReceivedMay 24, 2014
Peer Review Double Blind
Handling Editor
Accepted June 14, 2014
Published June 24, 2014

Version of record

v1.2

Issue date

July 26, 2014

Language

Experiance in AR

Explore published articles in an immersive Augmented Reality environment. Our platform converts research papers into interactive 3D books, allowing readers to view and interact with content using AR and VR compatible devices.

View in VR

Read in 3D

Your published article is automatically converted into a realistic 3D book. Flip through pages and read research papers in a more engaging and interactive format.

View in 3D

Article Matrices

Total Score: 101

Country: Nigeria

Subject: Global Journal of Science Frontier Research - D: Agriculture & Veterinary

Authors: Babalola D. Akinola (PhD/Dr. count: 0)

View Count (all-time): 188

Total Views (Real + Logic): 4446

Total Downloads (simulated): 2340

Publish Date: 2014 07, Sat

Monthly Totals (Real + Logic):

Month 1: 42 views
Month 2: 61 views
Month 3: 61 views
Month 4: 31 views
Month 5: 56 views
Month 6: 44 views
Month 7: 37 views
Month 8: 46 views
Month 9: 30 views
Month 10: 53 views
Month 11: 24 views
Month 12: 26 views
Month 13: 40 views
Month 14: 31 views
Month 15: 29 views
Month 16: 16 views
Month 17: 24 views
Month 18: 17 views
Month 19: 39 views
Month 20: 34 views
Month 21: 17 views
Month 22: 22 views
Month 23: 23 views
Month 24: 13 views
Month 25: 24 views
Month 26: 16 views
Month 27: 19 views
Month 28: 15 views
Month 29: 46 views
Month 30: 36 views
Month 31: 39 views
Month 32: 15 views
Month 33: 10 views
Month 34: 24 views
Month 35: 24 views
Month 36: 44 views
Month 37: 38 views
Month 38: 24 views
Month 39: 26 views
Month 40: 25 views
Month 41: 34 views
Month 42: 21 views
Month 43: 24 views
Month 44: 21 views
Month 45: 28 views
Month 46: 34 views
Month 47: 23 views
Month 48: 22 views
Month 49: 33 views
Month 50: 47 views
Month 51: 13 views
Month 52: 26 views
Month 53: 16 views
Month 54: 43 views
Month 55: 43 views
Month 56: 26 views
Month 57: 23 views
Month 58: 27 views
Month 59: 18 views
Month 60: 44 views
Month 61: 25 views
Month 62: 28 views
Month 63: 33 views
Month 64: 23 views
Month 65: 42 views
Month 66: 21 views
Month 67: 37 views
Month 68: 15 views
Month 69: 20 views
Month 70: 25 views
Month 71: 43 views
Month 72: 43 views
Month 73: 38 views
Month 74: 34 views
Month 75: 36 views
Month 76: 37 views
Month 77: 24 views
Month 78: 27 views
Month 79: 38 views
Month 80: 19 views
Month 81: 22 views
Month 82: 26 views
Month 83: 38 views
Month 84: 32 views
Month 85: 41 views
Month 86: 23 views
Month 87: 22 views
Month 88: 20 views
Month 89: 38 views
Month 90: 44 views
Month 91: 26 views
Month 92: 44 views
Month 93: 24 views
Month 94: 33 views
Month 95: 29 views
Month 96: 17 views
Month 97: 13 views
Month 98: 23 views
Month 99: 34 views
Month 100: 47 views
Month 101: 25 views
Month 102: 37 views
Month 103: 40 views
Month 104: 18 views
Month 105: 38 views
Month 106: 36 views
Month 107: 29 views
Month 108: 34 views
Month 109: 42 views
Month 110: 36 views
Month 111: 33 views
Month 112: 43 views
Month 113: 39 views
Month 114: 32 views
Month 115: 22 views
Month 116: 23 views
Month 117: 26 views
Month 118: 33 views
Month 119: 25 views
Month 120: 27 views
Month 121: 34 views
Month 122: 38 views
Month 123: 25 views
Month 124: 12 views
Month 125: 14 views
Month 126: 15 views
Month 127: 18 views
Month 128: 34 views
Month 129: 46 views
Month 130: 42 views
Month 131: 22 views
Month 132: 30 views
Month 133: 17 views
Month 134: 41 views
Month 135: 34 views
Month 136: 49 views
Month 137: 63 views
Month 138: 22 views
Month 139: 22 views
Month 140: 25 views
Month 141: 44 views
Month 142: 25 views

Total Views: 4446

Total Downloads: 2340

2026 Trends

Our website is actively being updated, and changes may occur frequently. Please clear your browser cache if needed. For feedback or error reporting, please email [email protected]