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Qamar, W., Younis, M. (2022). Socioeconomic Characteristics of Rice Growers and Their Perceptions of Risk Management Strategies. Egyptian Journal of Agricultural Research, 99(4), 497-503. doi: 10.21608/ejar.2021.77530.1112
Wardah Qamar; Muhammad Younis. "Socioeconomic Characteristics of Rice Growers and Their Perceptions of Risk Management Strategies". Egyptian Journal of Agricultural Research, 99, 4, 2022, 497-503. doi: 10.21608/ejar.2021.77530.1112
Qamar, W., Younis, M. (2022). 'Socioeconomic Characteristics of Rice Growers and Their Perceptions of Risk Management Strategies', Egyptian Journal of Agricultural Research, 99(4), pp. 497-503. doi: 10.21608/ejar.2021.77530.1112
Qamar, W., Younis, M. Socioeconomic Characteristics of Rice Growers and Their Perceptions of Risk Management Strategies. Egyptian Journal of Agricultural Research, 2022; 99(4): 497-503. doi: 10.21608/ejar.2021.77530.1112

Socioeconomic Characteristics of Rice Growers and Their Perceptions of Risk Management Strategies

Article 11, Volume 99, Issue 4, December 2021, Page 497-503  XML PDF (441.22 K)
Document Type: Original Article
DOI: 10.21608/ejar.2021.77530.1112
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Authors
Wardah Qamar email 1; Muhammad Younis2
1Adaptive Research Farm, Sheikhupura, Punjab, Pakistan
2Punjab Agriculture Research Board, Lahore, Pakistan
Abstract
Rice crop is an important grain crop all over the world and innumerable risks can make rice crop highly vulnerable, leading to undesirable impact on crop productivity as well as farmers’ livelihood. Risk is a likelihood of a negative outcome which is capable of distorting business ideas especially when such risks are poorly managed. This paper specially examined rice farmers profile, risk sources, risk management strategies and determinants of choice of risk management strategies. Simple random sampling technique was adopted for sample selection. The collected data was analyzed by using descriptive statistics and ordered Probit regression. The likelihood ratio statistics as indicated by χ (48.50) were highly significant (P<0.0019) and this also suggested that the model has a strong explanatory power. Gender, age, extension contacts, education and farming experience were major determinants of risk management strategies. It therefore recommended the provision of accessible and affordable formal education in order to enhance farmers’ skills and productivity in rice production.
Keywords
Crop productivity; Risk management strategy; Rice production Risks; Risks in Rice Marketing; Risk Management in Rice Production
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