Do social networks have effects on the risk attitude of commercial poultry farmers? Evidence from Southwest Nigeria

Obayelu, O.A., University of Ibadan; Olowe, O.O., University of Ibadan; Faleye, T.G., University of Ibadan

Do social networks have effects on the risk attitude of commercial poultry farmers? Evidence from Southwest Nigeria

2017

Obayelu, O.A., University of Ibadan (Nigeria) | Olowe, O.O., University of Ibadan (Nigeria) | Faleye, T.G., University of Ibadan (Nigeria)

Poultry production decision setting is full of risk and imperfect information. Attitude towards risk is a measure of farmers’ willingness to take risks which is an important determinant in their production decisions. Strong social capital emanating from social networks can lead to efficient risk management strategies, thereby minimizing risks faced by the farmers. Therefore, the effects of social capital on the risk attitude of small-scale commercial poultry farmers in Oyo state were assessed. Data were collected from two hundred small-scale farmers and analysed using descriptive and inferential statistics, factorial analysis, multinomial logit and a two-stage least square. Results showed that 52.5%, 37.5% and 10% of the poultry farmers were risk averse, risk neutral and risk preferring, respectively. About 31.4% and 68.6% of the female and male farmers respectively were risk averse. Close to a fifth, a quarter and two-thirds of the risk averse, risk neutral and risk takers respectively contributed 21-30% of the decisions in the associations. Fourteen percent of the farmers belonged to homogeneous groups. The choice of being risk averse was affected by marital status, educational level, family size, percentage spent on poultry income and aggregate social capital. There was no reverse causality between risk attitude and social capital.

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AGROVOC Keywords

actitudes agriculteur agricultores attitude attitudes data collection factor analysis farmers gestion du risque latvia letonia lettonie networks nigeria petite exploitation agricole poultry farming recherche redes research riesgo risk risk management risque small farms social capital socioeconomic environment sociologia sociologie sociology statistical methods

Bibliographic information

Published in

Rural Sustainability Research (Electronic resource) (Latvia) | Scientific journal of Latvia University of Agriculture

Volume 38 Issue 333 ISSN 2256-0939

Pagination

p. 2–13

Other Subjects

Metodos estadisticos; Explotacion en pequena escala; Coleccion de datos; Collecte de donnees; Methode statistique; Investigacion; Gestion de riesgos; Analisis factorial; Elevage de volailles; Environnement socioeconomique; Cria de aves de corral; Reseau; Entorno socioeconomico

Language

English

Note

Summary (En)

10 tables, 40 ref.

Continues edition: Proceedings of the Latvia University of Agriculture, ISSN 2255-8535 (Online), ISSN 1407-4427 (Print)

Type

Web Site; As

In AGRIS since: 2018-07-15

Format: AGRIS AP

Data Provider

This bibliographic record has been provided by Fundamental Library of Latvia University of Life Sciences and Technologies