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Risk Attitudes and Poverty Status Nexus Among Fish Farmers in Ondo State, Nigeria Public Deposited

https://ir.library.oregonstate.edu/concern/conference_proceedings_or_journals/6h440v50k

Proceedings of the Eighteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, held July 11-15, 2016 at Aberdeen Exhibition and Conference Center (AECC), Aberdeen, Scotland, UK.

Suggested Bibliographic Reference: Challenging New Frontiers in the Global Seafood Sector: Proceedings of the Eighteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 11-15, 2016. Compiled by Ann L. Shriver and Stefani J. Evers. International Institute of Fisheries Economics and Trade (IIFET), Corvallis, 2016.

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  • Poverty issues cannot be underestimated in fish farmers' production as they influence farmers' attitudes towards risk. Despite the fact that there are studies on fish production risks, there is little or no study on fish farmers' poverty status and risk attitudes nexus in Nigeria. Hence, this study examined risk attitudes and poverty status nexus among fish farmers in Ondo State, Nigeria. Multistage sampling technique was used to select 200 fish farmers. Descriptive statistics, Foster Greer Thorbecke Poverty Measures, Safety-First Model and Multinomial Logit Regression Model were used to analyse data from 179 respondents that gave adequate information. About 43.02% of the respondents were poor as the respondents identified Natural risks (29.0%), Social risks (24.9%), Economic risks (30.4%), Production risks (2.2%) and Technical risks (13.5%) as the sources of risks faced in fish production. The study further revealed that majority (57.0%) of the respondents in the study area were high risk-averse followed by intermediate risk-averse with 31.8%. Household size, Farmers' experience, Poverty status, Stocking density, Quantity of feed, Tertiary education and Access to credit were the significant factors that affected fish farmers' risk attitudes. Fish farmers should be encouraged to participate in agricultural insurance programmes. Individuals, government and non-governmental organizations should put programmes and policies that are capable of alleviating poverty in place in order to improve the ability of fish farmers to take risks in the study area.
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  • description.provenance : Submitted by IIFET Student Assistant (iifetstudentassistant@gmail.com) on 2016-11-22T00:48:19Z No. of bitstreams: 2 Oparinde014ppt.pdf: 1318005 bytes, checksum: 513d74e3072a761cf8014100b1159be3 (MD5) Oparinde 14.pdf: 178422 bytes, checksum: 62348bb0201f3b360560c9d12c17bb83 (MD5)
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  • description.provenance : Approved for entry into archive by Michael Boock(michael.boock@oregonstate.edu) on 2016-11-22T17:48:47Z (GMT) No. of bitstreams: 2 Oparinde014ppt.pdf: 1318005 bytes, checksum: 513d74e3072a761cf8014100b1159be3 (MD5) Oparinde 14.pdf: 178422 bytes, checksum: 62348bb0201f3b360560c9d12c17bb83 (MD5)
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  • 0976343290

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