Science Target Conference Systems, Ajman 4th International Environment Conference 2016

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Analysis of Sources of Agricultural Risk/Uncertainties and Management Strategies Among Farmers in Southeast, Nigeria
chikaire jonadab ubochioma

Last modified: 2016-01-08

Abstract


Risk is present in all decisions, though often its assessment is skewed to the negative effects. Risk management in agriculture is important on several grounds: even if reducing farming risk does not always improve farmers’ welfare.  This work was aimed at identifying sources of agriculture risk by farmers in their changing environment and the coping strategies employed. Multi stage sampling technique was used to select 180 farmers affected by various kinds of risks.  Questionnaire was used to collect data and descriptive tools such as percentage and mean were used to analyze data. The study revealed that farmers faced myriads of risks in food production business. These risks were grouped into weather, environment and social related risks.  The weather risks faced included heavy rainfall (M = 3.36), flooding (M = 3.20), drought (M = 2.77). The social risks include fire outbreak (M= 3.02), illness (M = 3.28), land dispute (M = 3.01), death (M = 3.02) among others. The economic risks were market failure, price fluctuations, lack of capital among others. To cope, the farmers employed the following strategies – intercropping cooperative farming, borrowing of money, off-farm investment, education/traini9ng, saving more money, storage of crops, insurance of crops and many more. They are faced with the problems of lack of sufficient fund, high cost of land and labour, poor marketing facilities among others. Government should subsidize inputs,  redistribute land to favor all there by making farming attractive to young ones.

Keywords – risks, agriculture, crops, farmers, management.