Economic risk management of sugarcane farmer' households in the Northeastern, Thailand

Wanichcha Narongchai and Piyada Naewprasert

International Journal of Monetary Economics and Finance, 2025, vol. 18, issue 2/3, 156-164

Abstract: This paper examines the level of economic risk management and factor influencing of sugarcane farmers' households in the Northeast, Thailand. The sample consisted of 384 sugarcane farmers' households from Chaiyaphum, Khon Kaen, Nakhon Ratchasima, Udon Thani and Nongbua Lamphu. The finding revealed that sugarcane farmers' households were at a relatively low and low level of the economic risk management (46.9%). Sugarcane cultivation area, production costs per hectare, the experience in sugarcane production, awareness of sugarcane production policy, and the highest years of education of the household members were significantly important factors for the economic risk management of sugarcane farmers' household.

Keywords: economic risk management; sugarcane farming; sugarcane farmers' households; household economics; sugarcane production. (search for similar items in EconPapers)
Date: 2025
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