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Journal of Integrative Agriculture  2021, Vol. 20 Issue (7): 1987-1995    DOI: 10.1016/S2095-3119(20)63450-5
Special Issue: 农业经济与管理合辑Agricultural Economics and Management
Agricultural Economics and Management Advanced Online Publication | Current Issue | Archive | Adv Search |
Farmers’ risk preference and fertilizer use
QIAO Fang-bin1, HUANG Ji-kun2, 3 
 
China Economics and Management Academy, Central University of Finance and Economics, Beijing 100081, P.R.China
2 School of Advanced Agricultural Sciences, Peking University, Beijing 100089, P.R.China
3 School of Economics and Management, Jiangxi Agricultural University, Nanchang 330045, P.R.China
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摘要  

本文研究了在我国棉花生产中农民的风险偏好对化肥施用的影响。与以往的研究不同,本文的理论分析表明农民的风险偏好与化肥施用之间的关系并不总是单调的。利用农户调查数据和Cobb–Douglas生产函数,本文的实证分析结果表明,当化肥施用的弹性和从获得高产预期的可能性都很高时,厌恶风险的农民施用的化肥数量多于冒险的农民。相反,当肥料施用的弹性和获得高产预期的可能性较低时,冒险的农民施用的化肥数量比厌恶风险的农民施用的化肥数量多




Abstract  
This study examines the role of farmers’ risk attitudes toward fertilizer use in cotton production in China.  Contradicting previous studies, this paper theoretically shows that the relationship between farmers’ risk aversion and fertilizer use is not always monotonic.  Field survey data were collected to test this relationship using the Cobb–Douglas production function.  Results suggest that when the elasticity of fertilizer use and the probability of achieving the desired effects from fertilizer use are high, risk-averse farmers apply more fertilizer than risk-taking farmers.  Conversely, when the elasticity of fertilizer use and the probability of achieving the desired effects are low, risk-taking farmers apply more fertilizer than risk-neutral or risk-averse farmers. 
Keywords:  risk preferences        fertilizer use        farmers        environment        China  
Received: 25 February 2020   Accepted:
Fund: The authors acknowledge the financial support from the National Natural Sciences Foundation of China (71773150, 71273290, and 71934003).
Corresponding Authors:  Correspondence HUANG Ji-kun, E-mail: jkhuang.ccap@igsnrr.ac.cn   
About author:  QIAO Fang-bin, E-mail: fangbin.qiao@gmail.com

Cite this article: 

QIAO Fang-bin, HUANG Ji-kun. 2021. Farmers’ risk preference and fertilizer use. Journal of Integrative Agriculture, 20(7): 1987-1995.

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