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Article

Improved Rice Technology Adoption: The Role of Spatially-Dependent Risk Preference

1
Department of Applied Economics and Marketing, School of Agriculture, Policy and Development, University of Reading, Reading RG6 6AR, UK
2
Centre for Rural Economy, School of Natural and Environmental Sciences, Newcastle University, Newcastle upon Tyne NE1 7RU, UK
3
School of Wine and Spirits Business, Burgundy School of Business, 21000 Dijon, France
4
Laboratorio de Economia Experimental, Jaume I University, 12076 Castellón de la Plana, Spain
*
Authors to whom correspondence should be addressed.
Academic Editor: Johannes Sauer
Received: 28 June 2021 / Revised: 16 July 2021 / Accepted: 19 July 2021 / Published: 22 July 2021
This study analyses farmers’ adoption of improved rice technology, taking into account farmers’ risk preferences; the unobserved spatial heterogeneity associated with farmers’ risk preferences; farmers’ household and farm characteristics; farm locations, farmers’ access to information, and their perceptions on the rice improved varieties (i.e., high yield varieties, HYV). The study used data obtained from field experiments and a survey conducted in 2016 in Nigeria. An instrumental-variable probit model was estimated to account for potential endogenous farmers’ risk preference in the adoption decision model. Results show that risk averse (risk avoidant) farmers are less likely to adopt HYV, with the spatial lags of farmers’ risk attitudes found to be a good instrument for spatially unobserved variables (e.g., environmental and climatic factors). We conclude that studies supporting policy action aiming at the diffusion of improved rice varieties need to collect information, if possible, on farmers’ risk attitudes, local environmental and climatic conditions (e.g., climatic, topographic, soil quality, pest incidence) in order to ease the design and evaluation of policy actions on the adoption of improved agricultural technology. View Full-Text
Keywords: agricultural technology; farmer’s technology adoption; endogenous variable; risk attitudes; spatial dependence; risk panel lottery; unobserved heterogeneity agricultural technology; farmer’s technology adoption; endogenous variable; risk attitudes; spatial dependence; risk panel lottery; unobserved heterogeneity
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MDPI and ACS Style

Ambali, O.I.; Areal, F.J.; Georgantzis, N. Improved Rice Technology Adoption: The Role of Spatially-Dependent Risk Preference. Agriculture 2021, 11, 691. https://0-doi-org.brum.beds.ac.uk/10.3390/agriculture11080691

AMA Style

Ambali OI, Areal FJ, Georgantzis N. Improved Rice Technology Adoption: The Role of Spatially-Dependent Risk Preference. Agriculture. 2021; 11(8):691. https://0-doi-org.brum.beds.ac.uk/10.3390/agriculture11080691

Chicago/Turabian Style

Ambali, Omotuyole I., Francisco J. Areal, and Nikolaos Georgantzis. 2021. "Improved Rice Technology Adoption: The Role of Spatially-Dependent Risk Preference" Agriculture 11, no. 8: 691. https://0-doi-org.brum.beds.ac.uk/10.3390/agriculture11080691

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