Linking Risk Aversion, Time Preference and Fertiliser Use in Burkina Faso

Tristan Le Cotty, Elodie Maitre D'Hotel, Raphael Soubeyran and Julie Subervie ()
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Julie Subervie: UMR MOISA - Marchés, Organisations, Institutions et Stratégies d'Acteurs - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - INRA - Institut National de la Recherche Agronomique - Montpellier SupAgro - Centre international d'études supérieures en sciences agronomiques - CIHEAM-IAMM - Centre International de Hautes Etudes Agronomiques Méditerranéennes - Institut Agronomique Méditerranéen de Montpellier - CIHEAM - Centre International de Hautes Études Agronomiques Méditerranéennes - Montpellier SupAgro - Institut national d’études supérieures agronomiques de Montpellier

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Abstract: This paper investigates whether Burkinabe maize farmers' fertiliser-use decisions are correlated with their risk and time preferences. We conducted a survey and a series of hypothetical experiments on a sample of 1500 farmers. We find that more patient farmers do use more fertiliser, but it is only because they plant more maize (a fertiliser-intensive crop) rather than because they use more fertiliser per hectare of maize planted. Conversely, we find no statistically significant link between risk aversion and fertiliser use. We use a simple two-period model, which suggests that risk aversion may indeed have an ambiguous effect on fertiliser use.

Keywords: risk aversion; fertilizer; Burkina Faso; time preferences; agriculture (search for similar items in EconPapers)
Date: 2017-07-25
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Citations: View citations in EconPapers (2)

Published in The Journal of Development Studies, 2017, 54 (11), pp.1-16. ⟨10.1080/00220388.2017.1344645⟩

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Related works:
Journal Article: Linking Risk Aversion, Time Preference and Fertiliser Use in Burkina Faso (2018)
Working Paper: Linking risk aversion, time preference and fertilizer use in Burkina Faso (2017)
Working Paper: Linking risk aversion, time preference and fertilizer use in Burkina Faso (2017)
Working Paper: Linking risk aversion, time preference and fertilizer use in Burkina Faso (2017)
Working Paper: Linking Risk Aversion, Time Preference and Fertilizer Use in Burkina Faso (2017)
Working Paper: Linking risk aversion, time preference and fertilizer use in Burkina Faso (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01662664

DOI: 10.1080/00220388.2017.1344645

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