Research on Risk Management Reported by Researchers at Faculty of Agriculture (A Multivariate Probit Analysis of Factors Affecting Risk Management Strategy Choices in Dried Apricot Farming)

2021 FEB 12 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- New research on risk management is the subject of a new report. According to news reporting out of the Faculty of Agriculture by NewsRx editors, research stated, “Dried apricot farms face many risks and uncertainties in Malatya, which is not only Turkey’s but also the largest apricot production region in the world.”

Our news correspondents obtained a quote from the research from Faculty of Agriculture: “Despite one of the major factors affecting farm efficiency, it was insufficient study on risk management in Malatya and even Turkey. The main purpose of the study was to measure the risk averse of dried apricot farms and to analyze of the factors affecting risk management strategies use of the dried apricot farms where an extensive production zone in Malatya. In the study, data collected from randomly selected 71 farms using questionnaires were used. The risk averse (attitude) coefficients of farmers were estimated by the ‘equally likely certainty equivalent’ method.”

According to the news reporters, the research concluded: “The factors affecting the risk management strategies choise were estimated using Multivariate Probit Model.”

For more information on this research see: A Multivariate Probit Analysis of Factors Affecting Risk Management Strategy Choices in Dried Apricot Farming. Turkish Journal of Agriculture: Food Science and Technology, 2020,8(11):2482-2490. (Turkish Journal of Agriculture: Food Science and Technology - http://agrifoodscience.com/index.php/TURJAF/index). The publisher for Turkish Journal of Agriculture: Food Science and Technology is Turkish Science and Technology Publishing (TURSTEP).

A free version of this journal article is available at https://doi.org/10.24925/turjaf.v8i11.2482-2490.3935.

Our news editors report that more information may be obtained by contacting Orhan Gunduz, Department of Agricultural Economics, Faculty of Agriculture, Malatya Turgut Ozal University, 44210 Malatya. Additional authors for this research include Ahmet Aslan, Vedat Ceyhan, Zeki Bayramoglu.

(Our reports deliver fact-based news of research and discoveries from around the world.)