Determinants of Risk-Dependent Agricultural Field Behaviours in Bhutan

Bryan Gensits; Rekha Chhetri; Tshotsho

doi:doi:10.11648/j.ijae.20190403.14

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Determinants of Risk-Dependent Agricultural Field Behaviours in Bhutan

Bryan Gensits, Rekha Chhetri, Tshotsho

Published in International Journal of Agricultural Economics (Volume 4, Issue 3)

Received: 3 April 2019 Accepted: 9 May 2019 Published: 5 June 2019

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Abstract

This article investigates the power of individual risk preference in combination with socio-economic and demographic characteristics to predict ten agricultural field behaviours in a developing country. A sample of 163 farmers from western-central Bhutan was interviewed regarding their farm management practices. Their risk preference was then experimentally elicited using a modified Multiple Price List. The results show farm size as being a primary determinant of income diversification, nitrogenous fertiliser application, and pesticide use. Farm diversification is most dependent on the household head’s level of education and the quantity of farm labour available. Finally, both income diversification and farm diversification are shown to have an inverse relationship with loss risk aversion. On the basis of the findings of this article, agricultural policy and programmes can increase their efficacy and efficiency by targeting agrarian Bhutanese households based on their characteristics.

Published in	International Journal of Agricultural Economics (Volume 4, Issue 3)
DOI	10.11648/j.ijae.20190403.14
Page(s)	109-119
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2019. Published by Science Publishing Group

Keywords

Farm Diversification, Farmers’ Risk Preferences, Income Diversification, Nitrogenous Fertiliser Use, Pesticide Use

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APA Style

Bryan Gensits, Rekha Chhetri, Tshotsho. (2019). Determinants of Risk-Dependent Agricultural Field Behaviours in Bhutan. International Journal of Agricultural Economics, 4(3), 109-119. https://doi.org/10.11648/j.ijae.20190403.14

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ACS Style

Bryan Gensits; Rekha Chhetri; Tshotsho. Determinants of Risk-Dependent Agricultural Field Behaviours in Bhutan. Int. J. Agric. Econ. 2019, 4(3), 109-119. doi: 10.11648/j.ijae.20190403.14

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AMA Style

Bryan Gensits, Rekha Chhetri, Tshotsho. Determinants of Risk-Dependent Agricultural Field Behaviours in Bhutan. Int J Agric Econ. 2019;4(3):109-119. doi: 10.11648/j.ijae.20190403.14

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@article{10.11648/j.ijae.20190403.14,
  author = {Bryan Gensits and Rekha Chhetri and Tshotsho},
  title = {Determinants of Risk-Dependent Agricultural Field Behaviours in Bhutan},
  journal = {International Journal of Agricultural Economics},
  volume = {4},
  number = {3},
  pages = {109-119},
  doi = {10.11648/j.ijae.20190403.14},
  url = {https://doi.org/10.11648/j.ijae.20190403.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijae.20190403.14},
  abstract = {This article investigates the power of individual risk preference in combination with socio-economic and demographic characteristics to predict ten agricultural field behaviours in a developing country. A sample of 163 farmers from western-central Bhutan was interviewed regarding their farm management practices. Their risk preference was then experimentally elicited using a modified Multiple Price List. The results show farm size as being a primary determinant of income diversification, nitrogenous fertiliser application, and pesticide use. Farm diversification is most dependent on the household head’s level of education and the quantity of farm labour available. Finally, both income diversification and farm diversification are shown to have an inverse relationship with loss risk aversion. On the basis of the findings of this article, agricultural policy and programmes can increase their efficacy and efficiency by targeting agrarian Bhutanese households based on their characteristics.},
 year = {2019}
}

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TY  - JOUR
T1  - Determinants of Risk-Dependent Agricultural Field Behaviours in Bhutan
AU  - Bryan Gensits
AU  - Rekha Chhetri
AU  - Tshotsho
Y1  - 2019/06/05
PY  - 2019
N1  - https://doi.org/10.11648/j.ijae.20190403.14
DO  - 10.11648/j.ijae.20190403.14
T2  - International Journal of Agricultural Economics
JF  - International Journal of Agricultural Economics
JO  - International Journal of Agricultural Economics
SP  - 109
EP  - 119
PB  - Science Publishing Group
SN  - 2575-3843
UR  - https://doi.org/10.11648/j.ijae.20190403.14
AB  - This article investigates the power of individual risk preference in combination with socio-economic and demographic characteristics to predict ten agricultural field behaviours in a developing country. A sample of 163 farmers from western-central Bhutan was interviewed regarding their farm management practices. Their risk preference was then experimentally elicited using a modified Multiple Price List. The results show farm size as being a primary determinant of income diversification, nitrogenous fertiliser application, and pesticide use. Farm diversification is most dependent on the household head’s level of education and the quantity of farm labour available. Finally, both income diversification and farm diversification are shown to have an inverse relationship with loss risk aversion. On the basis of the findings of this article, agricultural policy and programmes can increase their efficacy and efficiency by targeting agrarian Bhutanese households based on their characteristics.
VL  - 4
IS  - 3
ER  -

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Author Information

Bryan Gensits

College of Natural Resources, Royal University of Bhutan, Lobesa, Punakha, Bhutan
Rekha Chhetri

College of Natural Resources, Royal University of Bhutan, Lobesa, Punakha, Bhutan
Tshotsho

College of Natural Resources, Royal University of Bhutan, Lobesa, Punakha, Bhutan

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Plain Text BibTeX RIS

APA Style

Bryan Gensits, Rekha Chhetri, Tshotsho. (2019). Determinants of Risk-Dependent Agricultural Field Behaviours in Bhutan. International Journal of Agricultural Economics, 4(3), 109-119. https://doi.org/10.11648/j.ijae.20190403.14

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ACS Style

Bryan Gensits; Rekha Chhetri; Tshotsho. Determinants of Risk-Dependent Agricultural Field Behaviours in Bhutan. Int. J. Agric. Econ. 2019, 4(3), 109-119. doi: 10.11648/j.ijae.20190403.14

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AMA Style

Bryan Gensits, Rekha Chhetri, Tshotsho. Determinants of Risk-Dependent Agricultural Field Behaviours in Bhutan. Int J Agric Econ. 2019;4(3):109-119. doi: 10.11648/j.ijae.20190403.14

Copy | Download

@article{10.11648/j.ijae.20190403.14,
  author = {Bryan Gensits and Rekha Chhetri and Tshotsho},
  title = {Determinants of Risk-Dependent Agricultural Field Behaviours in Bhutan},
  journal = {International Journal of Agricultural Economics},
  volume = {4},
  number = {3},
  pages = {109-119},
  doi = {10.11648/j.ijae.20190403.14},
  url = {https://doi.org/10.11648/j.ijae.20190403.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijae.20190403.14},
  abstract = {This article investigates the power of individual risk preference in combination with socio-economic and demographic characteristics to predict ten agricultural field behaviours in a developing country. A sample of 163 farmers from western-central Bhutan was interviewed regarding their farm management practices. Their risk preference was then experimentally elicited using a modified Multiple Price List. The results show farm size as being a primary determinant of income diversification, nitrogenous fertiliser application, and pesticide use. Farm diversification is most dependent on the household head’s level of education and the quantity of farm labour available. Finally, both income diversification and farm diversification are shown to have an inverse relationship with loss risk aversion. On the basis of the findings of this article, agricultural policy and programmes can increase their efficacy and efficiency by targeting agrarian Bhutanese households based on their characteristics.},
 year = {2019}
}

Copy | Download

TY  - JOUR
T1  - Determinants of Risk-Dependent Agricultural Field Behaviours in Bhutan
AU  - Bryan Gensits
AU  - Rekha Chhetri
AU  - Tshotsho
Y1  - 2019/06/05
PY  - 2019
N1  - https://doi.org/10.11648/j.ijae.20190403.14
DO  - 10.11648/j.ijae.20190403.14
T2  - International Journal of Agricultural Economics
JF  - International Journal of Agricultural Economics
JO  - International Journal of Agricultural Economics
SP  - 109
EP  - 119
PB  - Science Publishing Group
SN  - 2575-3843
UR  - https://doi.org/10.11648/j.ijae.20190403.14
AB  - This article investigates the power of individual risk preference in combination with socio-economic and demographic characteristics to predict ten agricultural field behaviours in a developing country. A sample of 163 farmers from western-central Bhutan was interviewed regarding their farm management practices. Their risk preference was then experimentally elicited using a modified Multiple Price List. The results show farm size as being a primary determinant of income diversification, nitrogenous fertiliser application, and pesticide use. Farm diversification is most dependent on the household head’s level of education and the quantity of farm labour available. Finally, both income diversification and farm diversification are shown to have an inverse relationship with loss risk aversion. On the basis of the findings of this article, agricultural policy and programmes can increase their efficacy and efficiency by targeting agrarian Bhutanese households based on their characteristics.
VL  - 4
IS  - 3
ER  -

Copy | Download