Linking Risk Aversion, Time Preference and Fertiliser Use in Burkina Faso
Bibliographic Data
This paper investigates whether Burkinabe maize farmers’ fertiliser-use decisions are correlated with their risk and time preferences. We conducted a survey and a series of hypothetical experiments on a sample of 1500 farmers. We find that more patient farmers do use more fertiliser, but it is only because they plant more maize (a fertiliser-intensive crop) rather than because they use more fertiliser per hectare of maize planted. Conversely, we find no statistically significant link between risk aversion and fertiliser use. We use a simple two-period model, which suggests that risk aversion may indeed have an ambiguous effect on fertiliser use
Agricultural science · Agriculture · Agronomy · Biology · Crop · Economics · Expected utility hypothesis · Hectare · Microeconomics · Preference · Agricultural Economics and Policy · Agricultural Innovations and Practices · Agricultural risk and resilience · Environmental Science · Ecology
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| Unique citing works | 4 |
|---|---|
| Citations per year | 0,67 |
| Citation span | 2020 - 2025 (6) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 4 |