Risk perceptions, preferences and management strategies: evidence from a case study using German livestock farmers
Manuela Meraner and
Journal of Risk Research, 2019, vol. 22, issue 1, 110-135
We analyze the factors affecting farmers’ choice accounting for farm, farmer, and household characteristics as well as elicited risk perception and risk preferences. We consider three alternative hypothetical methods for assessing risk preferences to test the stability and behavioral validity of them. Our case study focuses on livestock farmers in the German region North Rhine-Westphalia. We find that risk preferences are context depending, i.e. differ across different fields of farm-level decision-making. Furthermore, our analysis shows that risk-averse farmers are more likely to prioritize on-farm risk management strategies over off-farm strategies. Moreover, higher risk perception, age, subjective numeracy, farm succession, farm size, and the proportion of rented land show a significant impact on farmers’ risk behavior
References: Add references at CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:taf:jriskr:v:22:y:2019:i:1:p:110-135
Ordering information: This journal article can be ordered from
Access Statistics for this article
Journal of Risk Research is currently edited by Bryan MacGregor
More articles in Journal of Risk Research from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().