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Risk in aquaculture: farmers’ perceptions and management strategies in Bangladesh

Risk in aquaculture: farmers’ perceptions and management strategies in Bangladesh AbstractThis study examines Bangladesh fish farmers’ perception for risk sources, risk management strategies, and the relationship with socio-demographic variables. Data were collected from a sample of 350 farmers in Bangladesh. Exploratory factor analysis of a set of perception measurement items was used to assess farmers’ attitudes towards risk and their risk management strategies. The results reveal that fish-diseases, fish price variability, low quality of feed and fingerlings, flood and credit constraints were perceived as the most important sources of risk. For risk management, supply of good quality feed and fingerlings, diseases prevention, crop insurance, increasing personal savings, and assurance of bank loans were considered as the most important strategies to mitigate risks. Empirical evidence shows that farmers engage in multiple management strategies to reduce production risk. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Aquaculture Economics & Management Taylor & Francis

Risk in aquaculture: farmers’ perceptions and management strategies in Bangladesh

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Risk in aquaculture: farmers’ perceptions and management strategies in Bangladesh

Abstract

AbstractThis study examines Bangladesh fish farmers’ perception for risk sources, risk management strategies, and the relationship with socio-demographic variables. Data were collected from a sample of 350 farmers in Bangladesh. Exploratory factor analysis of a set of perception measurement items was used to assess farmers’ attitudes towards risk and their risk management strategies. The results reveal that fish-diseases, fish price variability, low quality of feed and...
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Publisher
Taylor & Francis
Copyright
© 2019 Taylor & Francis Group, LLC
ISSN
1551-8663
eISSN
1365-7305
DOI
10.1080/13657305.2019.1641568
Publisher site
See Article on Publisher Site

Abstract

AbstractThis study examines Bangladesh fish farmers’ perception for risk sources, risk management strategies, and the relationship with socio-demographic variables. Data were collected from a sample of 350 farmers in Bangladesh. Exploratory factor analysis of a set of perception measurement items was used to assess farmers’ attitudes towards risk and their risk management strategies. The results reveal that fish-diseases, fish price variability, low quality of feed and fingerlings, flood and credit constraints were perceived as the most important sources of risk. For risk management, supply of good quality feed and fingerlings, diseases prevention, crop insurance, increasing personal savings, and assurance of bank loans were considered as the most important strategies to mitigate risks. Empirical evidence shows that farmers engage in multiple management strategies to reduce production risk.

Journal

Aquaculture Economics & Management – Taylor & Francis

Published: Oct 2, 2019

Keywords: Aquaculture; risk perception; risk management; factor analysis

References

  • Revolution in small-scale freshwater rural aquaculture in Mymensingh, Bangladesh
  • Fisheries extension in Bangladesh and local extension agent for fisheries: A micro level assessment of farmers attitude
  • From production to consumption: A case study of tilapia marketing systems in Bangladesh
  • Farmers’ motivations, risk perceptions and risk management strategies in a developing economy: Bangladesh experience
  • Farmers' perceived risks and risk management strategies in an emerging mussel aquaculture industry in Denmark
  • Price formation of the salmon aquaculture futures market
  • Price volatility in seafood markets: Farmed vs. wild fish
  • The spot-forward relationship in the Atlantic salmon market
  • Price dynamics in biological production processes exposed to environmental shocks
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  • Risk perception and risk management in Norwegian aquaculture
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  • Are commercial fishers risk-lovers?
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  • How do disaster characteristics influence risk perception?
  • Prospect theory: An analysis of decision under risk
  • Specification and estimation of production risk, risk preferences and technical efficiency
  • Perceptions of risk and risk management in Vietnamese catfish farming: An empirical study
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  • Economic psychology