Studies from Georg-August-University Have Provided New Information about Risk Management (A Trans-theoretical Model for Farmers’ Perceived Usefulness of Digital Risk Management Tools – a Case Study From Germany): Risk Management

2024 FEB 09 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Data detailed on Risk Management have been presented. According to news reporting originating from Gottingen, Germany, by NewsRx correspondents, research stated, “Digital risk management tools (RMTs) are promising to help farmers manage risk. However, these recently developed tools are still unexplored and hardly used by farmers.”

Our news editors obtained a quote from the research from Georg-August-University, “This study is the first to investigate how German farmers perceive the usefulness of digital RMTs and which factors influence them. A novel modification of the trans-theoretical model was made to determine farmers’ perceived usefulness gradually. The regression results show that, on average, farmers perceive digital RMTs as potentially useful. Perceptions are positively influenced by a higher level of education, full-time employment on the farm, use of mobile devices and a higher perceived importance of digital tools. The study contributes to the literature by investigating the extent to which farmers are willing to accept the combination of digitisation and risk management. The results are of interest to policy makers involved in digital agriculture and to agricul-tural tool providers, as they offer first insights into farmers’ acceptance of digital RMTs.”

According to the news editors, the research concluded: “Researchers benefit from the successfully applied trans-theoretical model fitting.”

This research has been peer-reviewed.

For more information on this research see: A Trans-theoretical Model for Farmers’ Perceived Usefulness of Digital Risk Management Tools - a Case Study From Germany. German Journal of Agricultural Economics, 2023;72:154-167. German Journal of Agricultural Economics can be contacted at: Deutscher Fachverlag Gmbh, Mainzer Landstrasse 251, 60328 Frankfurt Main, Germany.

The news editors report that additional information may be obtained by contacting Julia B. Block, Georg-August-University, Gottingen, Germany. Additional authors for this research include Oliver Musshoff and Marius Michels.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.30430/gjae.2023.0330. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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