Economic assessment of rice farmers’ climate change adaptation options and their sustainability: a case of Pabna district, Bangladesh

Sunita Rani Das (), Farjana Eyasmin () and Bikash Chandra Ghosh ()
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Sunita Rani Das: Bangladesh Bank
Farjana Eyasmin: Pabna University of Science and Technology
Bikash Chandra Ghosh: Pabna University of Science and Technology

SN Business & Economics, 2023, vol. 3, issue 4, 1-19

Abstract: Abstract This article focused on the economic assessment and sustainability analysis of climate change adaptation strategies taken by the rice farmers of Bangladesh. A binary probit model, PSM model, and a Tobit regression model were applied to analyze the determining factors of the adaptation choices and to measure the economic impact and sustainability levels. The study was based on primary data, and the data were collected from Iswardi upazila, Pabna District. The binary probit model was applied to determine the influencing factors in the adaptation choices. Farming experience, extension contact, credit availability and education affected choosing adaptation options. The PSM model found that adaptation strategies, such as chemical fertilizer, irrigation, income diversification, crop rotation and high-yielding (HYV) rice varieties gave additional profits of 14,701.1 TK, 4,259.19 TK, 13,218.3 TK, 890.23 TK and 17,894.3 TK, respectively. The Tobit regression model emphasized that farmers’ socio-economic features such as education level, getting extension service, credit availability, and land size were sustainable in all three dimensions. In addition, crop variation, off-farm diversification, and use of HYV had substantial relationships with the agricultural sustainability in its three indicators of economic, environmental, and social sustainability. Policies such as encouraging adaptations, improving extension service, dual or triple cropping system, use of high qualities of seeds, and subsidy for high production cost were suggested for agricultural sustainability.

Keywords: Climate change adaptation; Economic assessment; Sustainability; C51; C81; Q51; Q54; Q56 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/s43546-023-00444-1

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