Farm Diversification and Production Decisions under Risk
Empirical evidence from Eastern Hararghe Highlands of Ethiopia
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Farming is a risky business because it is affected by uncertain factors such as weather, diseases and market conditions. The issue of crop diversification and producers' decision behavior under risk and uncertainty has received much attention in academic literature. However, literature is lacking in this area. The book is believed to be an important reference material for researchers in areas of Production Economics and Farm Management. The book can also be useful to research institutions and extension workers in understanding the attitudes of farmers towards agricultural risk to generate and ...
Farming is a risky business because it is affected by uncertain factors such as weather, diseases and market conditions. The issue of crop diversification and producers' decision behavior under risk and uncertainty has received much attention in academic literature. However, literature is lacking in this area. The book is believed to be an important reference material for researchers in areas of Production Economics and Farm Management. The book can also be useful to research institutions and extension workers in understanding the attitudes of farmers towards agricultural risk to generate and disseminate appropriate agricultural technologies that would contribute in stabilizing income risk. Over and above, it could be a good source of material for expanding research works in areas of smallholders' agriculture diversification and commercialization. The book can contribute in understanding farmers' production and diversification decision-making behavior and strategies used under risky situations, which in turn, is useful for implementing agricultural development programs tailored to the needs of smallholder farmers.
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